Eastman Chemical Company reported earnings of $2.06 per share for the first quarter of 2022, just below the Zacks Consensus Estimate of $2.07, while revenues reached $2.71 billion. The company faced significant supply chain challenges and higher raw material costs, contributing to a steep drop in cash generated from operating activities. Despite these difficulties, Eastman remains optimistic, forecasting adjusted earnings per share of $9.50 to $10 for the year, supported by strong demand and strategic acquisitions.
“Eastman Chemical Company EMN · will report · earnings numbers · after the closing bell”
“Eastman Chemical Company · has · an Earnings ESP of +0.15%”
“Eastman Chemical · is likely to have faced · challenges associated with supply-chain issues · and higher raw material costs in the quarter”
“Eastman Chemical · came out with quarterly earnings · $2.06 per share · missing the Zacks Consensus Estimate of $2.07 per share”
“Eastman Chemical · posted revenues · $2.71 billion · for the quarter ended March 2022”
“Eastman Chemical · surpassed consensus revenue estimates · four times · over the last four quarters”
“Eastman Chemical · has lost about · 13.1% · since the beginning of the year”
“Eastman Chemical · current consensus EPS estimate · $2.62 · on $2.66 billion in revenues for the coming quarter”
“Eastman Chemical Company · has earnings coming up · soon”
“Eastman Chemical Company · is seeing favorable earnings estimate revision activity”
“Eastman Chemical · has a Zacks Earnings ESP · +0.15%”
“Eastman Chemical · has a Zacks Rank · #3”