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Eastman's (EMN) sales volume & earnings rise sequentially in Q1, driven by a return to primary demand for many of its specialty products in Advanced Materials and Additives & Functional Products units.
Although the revenue and EPS for Eastman Chemical (EMN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The Zacks Chemicals Diversified industry is expected to benefit from an uptick in demand across major end-use markets and the moderation of de-stocking activities. EMN, AVNT, IOSP and KRO are set to gain from strategic actions and demand recovery.
Eastman Chemical: Cyclical But Resilient
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Eastman's (EMN) cost-cutting initiatives and innovation are anticipated to have benefited the company in Q1.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Eastman Chemical (EMN), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Investors interested in Chemical - Diversified stocks are likely familiar with Eastman Chemical (EMN) and Air Liquide (AIQUY). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.