Benzinga | Jul 31, 2020 11:02AM EDT

Eastman Chemical Earnings Preview

Eastman Chemical (NYSE: EMN) unveils its next round of earnings this Monday, August 03. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings and Revenue

Wall Street analysts see Eastman Chemical reporting earnings of $1.05 per share on revenue of $1.83 billion. Eastman Chemical EPS in the same period a year ago totaled $1.990. Sales were $2.36 billion. If the company were to report in-line earnings when it publishes results Monday, earnings would be down 47.24%. Sales would be down 19.03% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019EPS Estimate 1.72 1.34 1.98 2.09EPS Actual 2.03 1.42 1.94 1.99Revenue Estimate 2.26 B 2.21 B 2.36 B 2.55 BRevenue Actual 2.24 B 2.21 B 2.33 B 2.36 B

Stock Performance

Over the last 52-week period, shares are up 8.99%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Eastman Chemical is scheduled to hold the call at 08:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/qyvjwen3