Valued at a market cap of $12.9 billion, Eastman Chemical Company (EMN) operates in the specialty materials and chemical manufacturing industry. Based in Kingsport, Tennessee, it produces a diverse range of chemicals, plastics, and fibers, serving markets such as transportation, construction, agriculture, and electronics worldwide. The company is expected to announce its fiscal Q3 earnings results after the market closes on Thursday, Oct. 31.
Ahead of this event, analysts expect the specialty chemicals maker to report a profit of $2.12 per share, up 44.2% from $1.47 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in the last four quarterly reports. In the most recent quarter, the company exceeded the consensus estimate by an 8% margin.
