Irving, Texas-based Celanese Corporation (CE) produces and sells high-performance engineered polymers. Valued at $8 billion by market cap, the company develops specialty polymers for paints, adhesives, and pharmaceuticals, and offers vinyl acetate emulsions, ethylene vinyl acetate resins, and redispersible powders (RDP) for construction purposes. The global chemical and specialty materials company is expected to announce its fiscal fourth-quarter earnings for 2024 after the market closes on Tuesday, Feb. 18.
Ahead of the event, analysts expect CE to report a profit of $1.20 per share on a diluted basis, down 46.4% from $2.24 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating the forecast on another occasion.
