Analysts on Wall Street project that Celanese ( CE - Free Report ) will announce quarterly earnings of $2.29 per share in its forthcoming report, representing an increase of 59% year over year. Revenues are projected to reach $2.61 billion, increasing 11.2% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.