Braskem (BAK) to Release Earnings on Tuesday

Braskem (NYSE:BAKGet Free Report) 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:BAKGet Free Report) 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.

Check Out Our Latest Report on Braskem

Braskem Company Profile

(Get Free Report)

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.

See Also

Earnings History for Braskem (NYSE:BAK)

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