3 Stocks to Watch on Tuesday: Celanese Corporation (CE), Roku Inc (ROKU) and Wintrust Financial Corp (WTFC)

CE EPS topped estimates, ROKU announces ESPN deal, WTFC posts revenue beat

By Karl Utermohlen, InvestorPlace Writer


The week started off with a bang for U.S. equities after fears of geopolitical tensions caused by the Syria missile strike calmed down. The S&P 500 Index gained 0.8%, the Dow Jones Industrial Average surged 0.9% and the Nasdaq Composite was up 0.7% at day’s end.

3 Stocks to Watch on Tuesday: Celanese Corporation (CE), Roku Inc (ROKU) and Wintrust Financial Corp (WTFC)Celanese Corporation (NYSE:CE), Roku Inc (NASDAQ:ROKU) and Wintrust Financial Corp (NASDAQ:WTFC) all made headlines after the bell Monday on earnings reports and one of these companies inking a major deal.

Here’s what you should know:

Celanese Corporation (CE)

Celanese shares were booming as the company unveiled strong quarterly results.

The company said that for its first quarter, earnings came in at $2.68 per share, or $2.79 per share on an adjusted basis. Analysts were calling for adjusted earnings of 48 cents per share.

From a revenue standpoint, Celanese also impressed, bringing in $1.85 billion for its first quarter, marking a 26% increase compared to the year-ago period. The Wall Street consensus estimate projected revenue of $1.66 billion.

The company’s Engineered Materials segment posted net sales of $665 million for the period, 29% higher than in the year-ago quarter. Both GAAP operating profit of $127 million and segment income of $182 million were all-time highs.

“The on-going success in our businesses gives us confidence that we can grow adjusted earnings per share by 20-25 percent in 2018,” said Mark Rohr, Celanese chairman and CEO.

CE stock was up about 5.7% after the bell Monday.

Roku Inc (ROKU)

Roku stock was skyrocketing after the bell on the company’s exciting new business venture.

The online streaming service announced that it has inked a deal that will grant it access to several new media channels, including ESPN+, which is Disney’s new sports video streaming service. Roku owners can watch ESPN+ for $4.99 a month or $49.99 per year.

The device’s servers will now be able to offer ESPN+’s wide selection of about 10,000 live sporting events in its first year, including Major League Baseball, NHL, past sporting events and a library of on-demand programs.

The channel will also include exclusive programming that is not available on ESPN’s linear channels. The channel marks Disney’s first direct-to-consumer initiative.

ROKU shares soared 5.7% after hours yesterday.

Wintrust Financial Corp (WTFC)

Wintrust Financial also had a positive period that helped lift company shares ahead of Tuesday’s action.

The Rosemont, Illinois-based company said its net income amounted to $82 million, or $1.40 per diluted common share for the first quarter of 2018, topping the year-ago quarter’s total of $58.4 million, or $1 per diluted share.

The figure was 12 cents better than analysts’ expectations of $1.28 per share. Revenue was also above the mark for Wintrust Financial at $310.76 million, beating the Wall Street consensus of $301.44 million.

The company’s total assets surged to $28.5 billion, marking a $541 million gain for the period. Total loans also increased by $421 million for Wintrust Financial for the quarter.

WTFC stock gained 2.4% after Monday’s market close.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media, https://investorplace.com/2018/04/3-stocks-watch-tuesday-celanese-corporation-ce-roku-inc-roku-wintrust-financial-corp-wtfc/.

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