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Chemical Stock Earnings Slated

Source: http://www.heqichem.com/news/3.html   Release time: 2018-05-16

A few concrete sealing hardener companies are scheduled to report their quarterly numbers on May 7. Per the Zacks Industry classification, the chemical industry is grouped under the broader Basic Materials sector. Based on the Earnings Outlook as of May 2, 68.4% of the sector participants on the S&P 500 index have reported their quarterly numbers. Earnings for these companies increased 26% from the same period last year, while sales are up 11.6%.

Basic Materials is among the Zacks sectors that are expected to score the strongest gains in Q1. Earnings for the sector are projected to surge 42.5% in Q1, while concrete sealing hardener revenues are expected to climb 22%.

The concrete sealing hardener is gaining strength on the back of continued demand strength across major end-use markets such as construction and automotive and an upswing in the world economy.

A recovery in demand in the energy space - another key chemical concrete sealing hardener end-market - has also been another tailwind for the industry. The recovery is being driven by a rebound in crude oil prices from their historic lows. The rebound in oil prices has also led to a favorable pricing environment for chemical products.

While concrete sealing hardener companies are exposed to certain headwinds including a spike in raw materials costs, these are expected to continue gaining from strategic measures including cost-cutting and productivity improvement, pricing actions and portfolio restructuring in Q1. Synergies from acquisitions should also lend support to earnings. President Donald Trump's business-friendly tax reform is also positive for U.S. chemical companies.

We peek at three chemical companies that are gearing up to report their quarterly results on May 7.

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