Chemical Stock Earnings Slated On Jul 25: APD, EMN, AXTA, GRA
Zacks Investment Research | Jul 24, 2019 07:12AM ET
A few chemical companies are gearing up to report their quarterly numbers on Jul 25. Per the Zacks Industry classification, the chemical industry falls under the broader Zacks Air Products to Post Q3 Earnings: What's in the Cards? )
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Axalta has outpaced the Zacks Consensus Estimate in three of the trailing four quarters, delivering a positive average earnings surprise of 19.6%.
Revenues for Axalta for Q2 is projected to decline roughly 2.1% year over year as the Zacks Consensus Estimate for the quarter is currently pegged at $1,187 million.
Axalta is exposed to headwinds from input cost inflation. Moreover, the company expects challenges from softer industrial coatings demand across North America and Europe, and lower automotive production rates in major markets. Nevertheless, the company should gain from productivity and price increase actions in the to-be-reported quarter.
W. R. Grace & Co. (NYSE:GRA) will report Q2 results ahead of the bell. It has an Earnings ESP of 0.00% as both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $1.14. The stock carries a favorable Zacks Rank #3 (Hold), but its ESP makes surprise prediction difficult.
The company posted better-than-expected results in each of the last four quarters. The average earnings surprise was a positive 9.8%.
The Zacks Consensus Estimate for revenues for W. R. Grace for the to-be-reported quarter stands at $504 million, reflecting an increase of 3.8% from the year-ago reported figure.
While the company faces headwinds from cost inflation and currency, it is expected to benefit from the Polyolefin Catalysts acquisition, continued pricing strength and strong demand for its products across its markets.
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