Market Overview

Albemarle's Earnings Outlook

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Albemarle (NYSE: ALB) unveils its next round of earnings this Wednesday, November 04. Get prepared with Benzinga's ultimate preview for Albemarle's Q3 earnings.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Albemarle reporting earnings of $0.78 per share on sales of $739.60 million. Albemarle earnings in the same period a year ago was $1.53 per share. Quarterly sales came in at $879.75 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Wednesday, EPS would have fallen 49.02%. Sales would be down 15.93% on a year-over-year basis. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 0.73 0.83 1.74 1.57
EPS Actual 0.86 1 1.73 1.53
Revenue Estimate 709.85 M 762.33 M 1.00 B 890.57 M
Revenue Actual 764.05 M 738.85 M 992.56 M 879.75 M

Stock Performance

Shares of Albemarle were trading at $96.9 as of November 02. Over the last 52-week period, shares are up 45.83%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not 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.

 

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Posted-In: Earnings