Livent Corporation is slated to report third-quarter 2022 results after the closing bell on Nov 1.
Livent’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, while missed once. It has a trailing four-quarter earnings surprise of roughly 15.6%, on average.
The company posted a negative earnings surprise of 23.3% in the last reported quarter. The company’s third-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock is up 9.7% in the past year compared with the industry’s 28.4% decline.
Let’s see how things are shaping up for this announcement.
Zacks Model
Our proven model predicts an earnings beat for Livent this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.
Earnings ESP: Earnings ESP for Livent is +7.93%. The Zacks Consensus Estimate for the third quarter is currently pegged at 41 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Livent currently carries a Zacks Rank #2.
What Do the Estimates Say?
The Zacks Consensus Estimate for third-quarter consolidated revenues for Livent is currently pegged at $248.2 million, which calls for a rise of around 139.6% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the third quarter, from strong demand and high lithium pricing, aided by strong market conditions. Lithium demand is being driven by higher electric vehicle (EV) sales and higher battery installations for EVs.
Higher realized pricing is expected to have driven the company’s top line and margins in the third quarter. Tight supply-demand conditions are likely to have supported prices in the quarter. Livent is also expected to have gained from a favorable product mix.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Albemarle Corporation (ALB - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +3.64% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Albemarle’s third-quarter earnings has been revised 1% upward in the past 60 days. The Zacks Consensus Estimate for ALB’s earnings for the quarter is pegged at $6.84.
Koppers Holdings Inc. (KOP - Free Report) , slated to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
ATI Inc. (ATI - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +1.15%.
The Zacks Consensus Estimate for ATI's earnings for the third quarter is currently pegged at 52 cents. ATI currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Livent Corporation is slated to report third-quarter 2022 results after the closing bell on Nov 1.
Livent’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, while missed once. It has a trailing four-quarter earnings surprise of roughly 15.6%, on average.
The company posted a negative earnings surprise of 23.3% in the last reported quarter. The company’s third-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock is up 9.7% in the past year compared with the industry’s 28.4% decline.
Let’s see how things are shaping up for this announcement.
Zacks Model
Our proven model predicts an earnings beat for Livent this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.
Earnings ESP: Earnings ESP for Livent is +7.93%. The Zacks Consensus Estimate for the third quarter is currently pegged at 41 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Livent currently carries a Zacks Rank #2.
What Do the Estimates Say?
The Zacks Consensus Estimate for third-quarter consolidated revenues for Livent is currently pegged at $248.2 million, which calls for a rise of around 139.6% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the third quarter, from strong demand and high lithium pricing, aided by strong market conditions. Lithium demand is being driven by higher electric vehicle (EV) sales and higher battery installations for EVs.
Higher realized pricing is expected to have driven the company’s top line and margins in the third quarter. Tight supply-demand conditions are likely to have supported prices in the quarter. Livent is also expected to have gained from a favorable product mix.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Albemarle Corporation (ALB - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +3.64% and sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for Albemarle’s third-quarter earnings has been revised 1% upward in the past 60 days. The Zacks Consensus Estimate for ALB’s earnings for the quarter is pegged at $6.84.
Koppers Holdings Inc. (KOP - Free Report) , slated to release earnings on Nov 4, has an Earnings ESP of +2.28% and carries a Zacks Rank #2.
The Zacks Consensus Estimate for Koppers’ third-quarter earnings has been revised 2.6% upward in the past 60 days. The consensus estimate for KOP’s earnings for the quarter is currently pegged at $1.17.
ATI Inc. (ATI - Free Report) , scheduled to release earnings on Nov 2, has an Earnings ESP of +1.15%.
The Zacks Consensus Estimate for ATI's earnings for the third quarter is currently pegged at 52 cents. ATI currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on ATI - FREE
Get the latest research report on ALB - FREE
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