Valued at a market cap of $14.8 billion, Celanese Corporation (CE) is a global chemical and specialty materials company. It operates in the chemicals industry, producing high-performance engineered polymers and acetyl products for a wide range of applications, including automotive, medical, construction, and consumer electronics. The Irving, Texas-based company is set to release its fiscal Q3 earnings results after the market closes on Monday, Nov. 4.
For Q3 earnings results, analysts forecast the chemical company to post a profit of $2.84 per share, a rise of 13.6% from $2.50 per share in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. CE missed the consensus EPS estimate by 15% in the last reported quarter.
