Celanese Corporation Reports First Quarter 2021 Earnings; Raises Full Year Financial Outlook
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Celanese (CE) PT Raised to $190 at Jefferies
April 26, 2021 8:42 AM EDTJefferies analyst David Windley raised the price target on Celanese (NYSE: CE) to $190.00 (from $177.00) while maintaining a Buy rating.
The analyst commented, "Q1 EPS of $3.46 was $0.46 above consensus and $0.51 above our estimate. Q2 EPSpegged at $4.00 (consensus $3.13), and 2021 is increased 16% at the midpoint... More
Celanese Corp. (CE) Tops Q1 EPS by 50c, Revenues Beat; Raises 2Q & FY21 EPS Guidance Above Consensus
April 22, 2021 4:28 PM EDTCelanese Corp. (NYSE: CE) reported Q1 EPS of $3.46, $0.50 better than the analyst estimate of $2.96. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.72 billion.
"As demand fundamentals continued to improve coming out of a very challenging 2020, we experienced unprecedented disruption as a result of Winter Storm Uri, including direct impacts to our employees and production facilities in Texas as well as extensive industry supply chain challenges. Our... More
