Chemical Stocks Aug 9 Earnings Preview: UNVR, DQ, AGFS, BIOA
Zacks Investment Research | Aug 08, 2016 06:02AM ET
A few chemical companies are lined up to report their quarterly results on Aug 9. The chemical industry remains on a slow road to recovery amid a still challenging operating environment. Chemical makers are gaining from strategic measures including expansion into high-growth markets, aggressive cost management and productivity actions as well as acquisitions.
However, the industry faces certain roadblocks including a still weak agriculture market, weak demand in the energy space, Eurozone’s tepid recovery and slowdown in China.
As per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Basic Materials is among the sectors that are expected to see double-digit year-over-year earnings decline in the second-quarter, as per the latest Zacks Investment Research
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