On Wednesday, August 05, Albemarle ALB will release its latest earnings report. Check out Benzinga's preview to understand the implications.
Earnings and Revenue
Albemarle earnings will be near $0.73 per share on sales of $709.85 million, according to analysts. In the same quarter last year, Albemarle reported EPS of $1.550 on revenue of $885.05 million. The Wall Street consensus estimate for earnings would represent a 52.9% decrease for the company. The company's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.83 | 1.74 | 1.57 | 1.44 |
| EPS Actual | 1 | 1.73 | 1.53 | 1.55 |
| Revenue Estimate | 762.33 M | 1.00 B | 890.57 M | 892.37 M |
| Revenue Actual | 738.85 M | 992.56 M | 879.75 M | 885.05 M |
Stock Performance
Over the last 52-week period, shares are up 22.49%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Albemarle is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/tzjyyci3
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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