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On Wednesday, Nov. 7, Albemarle (NYSE:ALB) will release its latest earnings report. Benzinga's outlook for Albemarle is included in the following report.
Earnings and Revenue
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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.