Mark your calendars for Thursday 31st October 2024, as Eastman Chemical Company (NYSE: EMN) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
The financial experts on Wall Street are predicting that the firm will likely report an estimated $2.14 profit per share for the third quarter. Additionally, it is anticipated that the company will reveal a $2.38 billion revenue during the quarter.
Wall Street analysts have provided their insights on the company's performance for the year, forecasting a total revenue of $9.32 billion. Additionally, they anticipate the earnings per share to reach profit of $7.69 during the fiscal year.
During the same quarter of the previous year, the company made public its income of $1.47 per share, which were derived from a quarterly revenue of $2.27 billion.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.15 | +8.0% | 2.36 B | +1.7% |
| Q1 2024 | $1.61 | -1.2% | 2.31 B | +95,671.1% |
| Q4 2023 | $1.31 | +47.2% | 2.21 B | -7.0% |
| Q3 2023 | $1.47 | -28.3% | 2.27 B | -16.3% |
| Q2 2023 | $1.99 | -29.7% | 2.32 B | -16.5% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 1st November 2024 at 08:00 AM eastern time to review the Q3 2024 financial results.
Eastman Chemical Company (EMN) shares experienced a range of $104.68 to $106.33 on a day volume of 634.80 thousand shares. The stock closed Tuesday's regular trading session at $104.84, indicating a 1.74 percent downfall.
