On Wednesday, Nov. 7, Albemarle ALB will release its latest earnings report. Benzinga's outlook for Albemarle is included in the following report.
Earnings and Revenue
Wall Street analysts see Albemarle reporting earnings of $1.25 per share on sales of $796.65 million.
In the same quarter last year, Albemarle posted a profit of $1.08 on sales of $754.86 million. If the company were to match the consensus estimate, earnings would be up 15.74 percent. Sales would be up 5.54 percent from the year-ago period. Albemarle's reported EPS has stacked up against analyst estimates in the past like this:
Quarter | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 |
EPS Estimate | 1.28 | 1.21 | 1.21 | 1.07 |
EPS Actual | 1.36 | 1.3 | 1.34 | 1.08 |
Stock Performance
Over the last 52-week period, shares are down 24.16 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Albemarle stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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