Livent closed the most recent trading day at $21.10, moving -0.19% from the previous trading session. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.
Heading into today, shares of the supplier of performance lithium compounds had lost 14.66% over the past month, lagging the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time.
Livent will be looking to display strength as it nears its next earnings release, which is expected to be February 17, 2022. On that day, Livent is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 400%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $106.05 million, up 29.01% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Livent. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.45% higher within the past month. Livent is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Livent has a Forward P/E ratio of 44.66 right now. This represents a premium compared to its industry's average Forward P/E of 16.26.
We can also see that LTHM currently has a PEG ratio of 0.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Specialty industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Image: Bigstock
Livent (LTHM) Stock Sinks As Market Gains: What You Should Know
Livent closed the most recent trading day at $21.10, moving -0.19% from the previous trading session. This change lagged the S&P 500's daily gain of 2.44%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 0.28%.
Heading into today, shares of the supplier of performance lithium compounds had lost 14.66% over the past month, lagging the Basic Materials sector's loss of 3.8% and the S&P 500's loss of 9.65% in that time.
Livent will be looking to display strength as it nears its next earnings release, which is expected to be February 17, 2022. On that day, Livent is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 400%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $106.05 million, up 29.01% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Livent. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 15.45% higher within the past month. Livent is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that Livent has a Forward P/E ratio of 44.66 right now. This represents a premium compared to its industry's average Forward P/E of 16.26.
We can also see that LTHM currently has a PEG ratio of 0.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Chemical - Specialty industry currently had an average PEG ratio of 0.9 as of yesterday's close.
The Chemical - Specialty industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.