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Livent (LTHM) to Report Q1 Earnings: What's in the Offing?
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Livent Corporation is slated to report first-quarter 2023 results after the closing bell on May 2.
Livent beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and delivered in-line results on the other occasion. It has a trailing four-quarter earnings surprise of roughly 21.1%, on average. The company’s first-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock has declined 1.7% in the past year compared with the industry’s 4.7% decline.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What Do the Estimates Say?
The Zacks Consensus Estimate for first-quarter consolidated revenues for Livent is currently pegged at $242.2 million, which calls for a rise of around 68.8% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the first 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. Strong customer demand is likely to have driven its volumes in the March quarter.
Higher realized pricing for lithium products is expected to have supported the company’s top line and margins in the quarter to be reported. Tight supply-demand conditions are likely to have supported prices in the quarter.
Our proven model does not conclusively predict an earnings beat for Livent this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Livent is -2.25%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at 39 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 #3.
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:
The Zacks Consensus Estimate for Albemarle’s earnings for the quarter is pegged at $6.93. ALB currently carries a Zacks Rank #3.
Axalta Coating Systems Ltd. (AXTA - Free Report) , slated to release earnings on May 2, has an Earnings ESP of +4.35%.
The consensus estimate for Axalta Coating Systems’ earnings for the first quarter is currently pegged at 31 cents. AXTA currently carries a Zacks Rank #3.
Pan American Silver Corp. (PAAS - Free Report) , scheduled to release earnings on May 10, has an Earnings ESP of +167.10% and currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Pan American Silver’s first-quarter earnings has been revised 66.7% upward in the past 60 days. The consensus estimate for PAAS’ earnings for the first quarter is currently pegged at 5 cents.
Image: Bigstock
Livent (LTHM) to Report Q1 Earnings: What's in the Offing?
Livent Corporation is slated to report first-quarter 2023 results after the closing bell on May 2.
Livent beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and delivered in-line results on the other occasion. It has a trailing four-quarter earnings surprise of roughly 21.1%, on average. The company’s first-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock has declined 1.7% in the past year compared with the industry’s 4.7% decline.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What Do the Estimates Say?
The Zacks Consensus Estimate for first-quarter consolidated revenues for Livent is currently pegged at $242.2 million, which calls for a rise of around 68.8% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the first 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. Strong customer demand is likely to have driven its volumes in the March quarter.
Higher realized pricing for lithium products is expected to have supported the company’s top line and margins in the quarter to be reported. Tight supply-demand conditions are likely to have supported prices in the quarter.
Livent Corporation Price and EPS Surprise
Livent Corporation price-eps-surprise | Livent Corporation Quote
Zacks Model
Our proven model does not conclusively predict an earnings beat for Livent this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here.
Earnings ESP: Earnings ESP for Livent is -2.25%. The Zacks Consensus Estimate for earnings for the first quarter is currently pegged at 39 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 #3.
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) , slated to release earnings on May 3, has an Earnings ESP of +0.80%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Albemarle’s earnings for the quarter is pegged at $6.93. ALB currently carries a Zacks Rank #3.
Axalta Coating Systems Ltd. (AXTA - Free Report) , slated to release earnings on May 2, has an Earnings ESP of +4.35%.
The consensus estimate for Axalta Coating Systems’ earnings for the first quarter is currently pegged at 31 cents. AXTA currently carries a Zacks Rank #3.
Pan American Silver Corp. (PAAS - Free Report) , scheduled to release earnings on May 10, has an Earnings ESP of +167.10% and currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Pan American Silver’s first-quarter earnings has been revised 66.7% upward in the past 60 days. The consensus estimate for PAAS’ earnings for the first quarter is currently pegged at 5 cents.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.