Q3 Earnings Preview For Albemarle

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.

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Posted In: EarningsNewsEarnings Previews
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