Braskem (BAK) to Release Earnings on Tuesday

Braskem (NYSE:BAK) will likely be issuing its quarterly earnings data before the market opens on Tuesday, March 18th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $20.99 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Braskem (NYSE:BAK) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.01). Braskem had a negative return on equity of 439.59% and a negative net margin of 9.88%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.52 billion. On average, analysts expect Braskem to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Braskem Stock Performance

Shares of Braskem stock opened at $3.85 on Friday. The firm’s 50-day simple moving average is $4.23 and its 200-day simple moving average is $5.23. Braskem has a twelve month low of $3.41 and a twelve month high of $10.98. The firm has a market cap of $1.53 billion, a P/E ratio of -1.08 and a beta of 2.06.

Analyst Ratings Changes

Separately, Scotiabank lowered shares of Braskem from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd.

Braskem Company Profile

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells olefins, including ethylene, polymer and chemical grade propylene, butadiene, and butene-1; benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.