Earnings Forecast Research on Eastman Chemical Company (EMN)

Eastman Chemical Company has received $1.75 as the consensus Earnings Estimate for the Quarter ending on Mar 2017 ,According to the estimate provided by 5 Financial Advisor in the Stock Trading Firms. Among 5 Analysts, Bottom line EPS Estimate for the current quarter is $1.69 while the top line estimate is $1.8 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 2.34%.

Eastman Chemical Company reported better than expected with a surprise EPS of 2.03% or $0.03 during its most recent quarterly earnings. The Actual EPS was $1.51 compared to the Estimated EPS of $1.48. Kingsport based Eastman Chemical Company Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Apr 27, 2017.

Eastman Chemical Company has a Price to Earnings ratio of 11.48 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 2.52. For the Most Recent Fiscal Year, Eastman Chemical Company has a price to cash ratio of 7.2. For the Trailing twelve month period, company showed a Net Profit Margin of 9.61% and Return on Equity of the stock is 22.7%.

In the last quarter, Eastman Chemical Company reported Annual Earnings of $1.51. Based on the filings, last years Annual Earnings was, $6.76. In the last Quarter, EMN reported a surprise Earnings per Share of 2.03% . The consensus estimate for current quarter is $1.75 and for the current fiscal year, the estimate is $7.31. For the Next fiscal year, the estimate is $7.92 based on the consensus.

Eastman Chemical Company (NYSE:EMN) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.12 points or 0.15% at $77.5 with 1,626,785 shares getting traded. Post opening the session at $77.6, the shares hit an intraday low of $76.81 and an intraday high of $78.58 and the price was in this range throughout the day. The company has a market cap of $11,373 million and the number of outstanding shares has been calculated to be 146,750,870 shares. The 52-week high of Eastman Chemical Company (NYSE:EMN) is $80.48 and the 52-week low is $57.

Eastman Chemical Company is a global chemical company with a broad portfolio of chemical, plastic, and fiber products. The company manufactures and sells chemicals and specialty polymers supplied to the inks, coatings, adhesives, sealants, and textile industries; fine chemicals; performance chemicals and intermediates; specialty plastics; polyester plastics such as polyethylene terephthalate sold under the trademark EASTAPAK polymers; and fibers.


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