• Braskem SA BAK.N reported a quarterly adjusted loss of 14 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -68 cents. The mean expectation of two analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 15 cents to $1.09 per share.

• Revenue fell 9.1% to $3.33 billion from a year ago; analysts expected $3.28 billion.

• Braskem SA's reported EPS for the quarter was a loss of 14 cents​.

• The company reported a quarterly loss of $47.14 million.

• Braskem SA shares had fallen by 4.0% this quarter and lost 18.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 287.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commodity chemicals peer group is "buy."

• Wall Street's median 12-month price target for Braskem SA is $4.80, about 36.7% above its last closing price of $3.04

This summary was machine generated from LSEG data August 8 at 01:48 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)