Eastman Announces First-Quarter 2021 Financial Results
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May 3, 2021 7:34 AM EDT
Stifel analyst Vicent Anderson raised the price target on Eastman Chemical (NYSE: EMN) to $148.00 (from $125.00) while maintaining a Buy rating.
The analyst commented, "We are updating estimates following a strong 1Q21, including positive 2Q21 and full year guidance. Eastman navigated the 1Q21 weather... More
April 29, 2021 5:14 PM EDT
Eastman Chemical (NYSE: EMN) reported Q1 EPS of $2.13, $0.09 better than the analyst estimate of $2.04. Revenue for the quarter came in at $2.41 billion versus the consensus estimate of $2.33 billion.
We delivered outstanding first-quarter results, with adjusted EPS up 20 percent compared with first quarter 2019 and up 5 percent compared with strong first-quarter 2020 results, said Mark Costa, Board Chair and CEO. First-quarter results included approximately $30 million of costs from the impact of Winter Storm Uri. The combination of continued disciplined operational execution, the... More
