Celanese Corp (NYSE: CE) has reported earnings for its second fiscal quarter (ending June 30) of $0.93 versus $1.68 for the same period a year ago — a decline of -45%. This result fell short of the consensus estimate of $1.05 by $-0.12. For the latest four quarters through June 30, E.P.S. were $5.35 compared to $8.08 a year ago — a decline of -34%.
Recent Price Action
Celanese Corp (NYSE: CE) stock suffered a large decline of -2.1% on 7/28/20. The stock closed at $93.23. Moreover, this decline was accompanied by above average trading volume at 135% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CE is expected to continue to be a major Value Builder.
Celanese has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Celanese has a good Appreciation Score of 76 but a poor Power Rating of 17, triggering the Neutral Value Trend Rating.
In light of this discouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.