On Thursday, Eastman Chemical EMN 0.67% will report its last quarter’s earnings. Here is Benzinga’s take on the company’s latest release.

Earnings and Revenue

Eastman Chemical EPS will likely be near $1.05 while revenue will be around $2.24 billion, according to analysts.

Eastman Chemical EPS in the same period a year ago totaled $1.51 per share. Sales were $2 billion. If the company were to post earnings inline with the current consensus estimate when it reports Thursday, revenue would be up 2.38 percent on a year-over-year basis.

Eastman Chemical’s reported EPS has stacked up against analyst estimates in the past like this:


Quarter Q3 2017 Q2 2017 Q1 2017
EPS Estimate 2.02 1.91 1.74
EPS Actual 2.19 1.98 1.83


Q4 EPS Estimate: $1.05
Q4 Revenues Estimate: $2.24 billion

Stock Performance

As of Feb. 1, Eastman Chemical’s share price was $100.02. Over the last 52-week period, shares are up 28.86 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Eastman Chemical stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.