Braskem (BAK) Projected to Post Earnings on Tuesday

Braskem (NYSE:BAK - Get Free Report) is expected 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. Parties that are interested in participating in the company's conference call can do so using this link.

Braskem (NYSE:BAK - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate 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 firm 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 Up 1.8 %

BAK traded up $0.07 during trading on Tuesday, hitting $3.64. The company's stock had a trading volume of 763,090 shares, compared to its average volume of 818,870. Braskem has a one year low of $3.41 and a one year high of $10.98. The business's 50 day simple moving average is $4.25 and its 200-day simple moving average is $5.30. The firm has a market cap of $1.45 billion, a PE ratio of -1.02 and a beta of 2.06.

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Wall Street Analysts Forecast Growth

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.