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Stock impact report

Eastman Chemical: Confidence Grows As Results Have Bottomed [Seeking Alpha]

Eastman Chemical Company (EMN) 
Last eastman chemical company earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: Seeking Alpha
EMN faces structural headwinds from weak construction, Chinese chemical exports, and higher U.S. energy costs, limiting margin recovery. Despite sector challenges, EMN generates strong free cash flow, maintains a secure 4.8% dividend yield, and trades at 12x earnings. Earnings are forecast at $5.60–$6.10 for 2024, with modest upside potential as mid-cycle normalization approaches. neilkendall/iStock Editorial via Getty Images Shares of Eastman Chemical Company ( EMN ) have been a poor performer over the past year, losing about 29% of their value. Like much of the chemicals sector, Eastman has been caught up in a brutal macro environment, leading to persistent oversupply and weak pricing. This This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not Show less Read more
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