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Livent (LTHM) to Report Q2 Earnings: What's in the Cards?
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Livent Corporation is slated to report second-quarter 2023 results after the closing bell on Aug 3.
Livent beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while delivered in line result on the other occasion. It has a trailing four-quarter earnings surprise of roughly 22%, on average. The company’s second-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock is down 0.1% in the past year compared with the industry’s 10.7% rise.
Image Source: Zacks Investment Research
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 +2.43%. The Zacks Consensus Estimate for the second quarter is currently pegged at 46 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 #1.
What Do the Estimates Say?
The Zacks Consensus Estimate for second-quarter consolidated revenues for Livent is currently pegged at $257 million, which calls for a rise of around 17.5% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the second 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 June quarter.
Higher realized pricing for lithium products is expected to have driven 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.
Here are some companies in the basic materials space you may want to consider, as our model shows these too have the right combination of elements to post an earnings beat this quarter:
Timken Steel Corporation , scheduled to release earnings on Aug 3, has an Earnings ESP of +11.18%.
Compass Minerals International, Inc. (CMP - Free Report) , scheduled to release earnings on Aug 8, has an Earnings ESP of +30.16% and carries a Zacks Rank #3.
The consensus estimate for CMP’s earnings for the fiscal third quarter is currently pegged at a loss of 16 cents.
Pan American Silver Corp. (PAAS - Free Report) , slated to release earnings on Aug 9, has an Earnings ESP of +4.62% and carries a Zacks Rank #3 at present.
The consensus mark for PAAS’ second-quarter earnings is currently pegged at 8 cents.
Image: Bigstock
Livent (LTHM) to Report Q2 Earnings: What's in the Cards?
Livent Corporation is slated to report second-quarter 2023 results after the closing bell on Aug 3.
Livent beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while delivered in line result on the other occasion. It has a trailing four-quarter earnings surprise of roughly 22%, on average. The company’s second-quarter results are expected to reflect the benefits of higher realized pricing and strong lithium demand.
The stock is down 0.1% in the past year compared with the industry’s 10.7% rise.
Image Source: Zacks Investment Research
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 +2.43%. The Zacks Consensus Estimate for the second quarter is currently pegged at 46 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 #1.
What Do the Estimates Say?
The Zacks Consensus Estimate for second-quarter consolidated revenues for Livent is currently pegged at $257 million, which calls for a rise of around 17.5% year over year.
Some Factors to Watch For
The company is expected to have benefited, in the second 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 June quarter.
Higher realized pricing for lithium products is expected to have driven 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
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider, as our model shows these too have the right combination of elements to post an earnings beat this quarter:
Timken Steel Corporation , scheduled to release earnings on Aug 3, has an Earnings ESP of +11.18%.
The Zacks Consensus Estimate for TMST's earnings for the second quarter is currently pegged at 57 cents. TMST currently carries a Zacks Rank #1. You can see the complete list of today’s Zacks Rank #1 stocks here.
Compass Minerals International, Inc. (CMP - Free Report) , scheduled to release earnings on Aug 8, has an Earnings ESP of +30.16% and carries a Zacks Rank #3.
The consensus estimate for CMP’s earnings for the fiscal third quarter is currently pegged at a loss of 16 cents.
Pan American Silver Corp. (PAAS - Free Report) , slated to release earnings on Aug 9, has an Earnings ESP of +4.62% and carries a Zacks Rank #3 at present.
The consensus mark for PAAS’ second-quarter earnings is currently pegged at 8 cents.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.