Chemical Stock Earnings Due On Jan 30: DD, CE, EMN & AXTA
Zacks Investment Research | Jan 29, 2020 06:56AM ET
A few chemical companies are slated to report their quarterly numbers on Jan 30. Per the Zacks industry classification, the chemical industry falls under the broader DuPont Warms Up to Q4 Earnings: What's in the Cards? )
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Axalta Coating Systems Ltd. (NYSE:AXTA) will report results before the bell. Our proven model does not conclusively predict an earnings beat for the company this time around. This is because it has an Earnings ESP of 0.00% and a Zacks Rank #4.
Axalta has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering a positive earnings surprise of 26.2%, on average.
The Zacks Consensus Estimate for revenues for Q4 is currently pegged at $1,112 million, indicating a roughly 4.6% year-over-year decline. The consensus estimate for earnings currently stands at 44 cents.
Moreover, the Zacks Consensus Estimate for revenues from the company’s Performance Coatings division is pinned at $741 million, reflecting a 3.3% year-over-year decline. The same for the Transportation Coatings unit is pegged at $393 million, suggesting a 2% year-over-year decline.
The company’s operating cost reduction and productivity improvement actions are expected to have contributed to its bottom line in Q4. However, volume pressure across global markets is likely to have hurt its sales.
Axalta Coating Systems Ltd. Price and EPS Surprise
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