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The expected decline in earnings per share and revenue may concern investors, potentially leading to selling pressure. Historically, similar earnings drops have prompted stock declines due to decreased confidence.
What happened, with direct paths to the underlying reporting
Celanese will release Q2 earnings on August 11, expecting $1.40 per share. Projected revenue is $2.49 billion, down from $2.65 billion last year. Current dividend yield stands at 0.25%, with a quarterly payout of 3 cents. Shares rose by 1.7% to close at $48.65 recently. Mizuho analyst maintained a Neutral rating, raising price target to $59.
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