Braskem (BAK) to Release Quarterly Earnings on Tuesday

Braskem (NYSE:BAK) is projected to issue 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. Investors that wish to listen to the company’s conference call can do so using this link.

Braskem (NYSE:BAK) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.01). Braskem had a negative net margin of 9.88% and a negative return on equity of 439.59%. The business had revenue of $3.28 billion during 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 Trading Down 2.8 %

BAK opened at $3.59 on Tuesday. Braskem has a 1-year low of $3.41 and a 1-year high of $10.98. The stock’s fifty day simple moving average is $4.25 and its 200 day simple moving average is $5.30. The stock has a market cap of $1.43 billion, a PE ratio of -1.01 and a beta of 2.06.

Analysts Set New Price Targets

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

About Braskem

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.