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Albemarle (ALB) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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The upcoming report from Albemarle (ALB - Free Report) is expected to reveal quarterly loss of -$0.92 per share, indicating an increase of 40.7% compared to the year-ago period. Analysts forecast revenues of $1.29 billion, representing a decline of 4.6% year over year.
The current level reflects an upward revision of 11.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Albemarle metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net Sales- Energy Storage' at $677.78 million. The estimate points to a change of -11.7% from the year-ago quarter.
Analysts expect 'Net Sales- Ketjen' to come in at $248.28 million. The estimate points to a change of +1.3% from the year-ago quarter.
Analysts forecast 'Net Sales- Specialties' to reach $348.57 million. The estimate suggests a change of +1.8% year over year.
Analysts' assessment points toward 'Adjusted EBITDA- Ketjen' reaching $25.81 million. Compared to the present estimate, the company reported $35.47 million in the same quarter last year.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Specialties' should arrive at $68.89 million. Compared to the current estimate, the company reported $56.27 million in the same quarter of the previous year.
Analysts predict that the 'Adjusted EBITDA- Energy Storage' will reach $112.09 million. The estimate is in contrast to the year-ago figure of $142.89 million.
Over the past month, shares of Albemarle have returned +11.4% versus the Zacks S&P 500 composite's +2.4% change. Currently, ALB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Albemarle (ALB) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from Albemarle (ALB - Free Report) is expected to reveal quarterly loss of -$0.92 per share, indicating an increase of 40.7% compared to the year-ago period. Analysts forecast revenues of $1.29 billion, representing a decline of 4.6% year over year.
The current level reflects an upward revision of 11.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some Albemarle metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net Sales- Energy Storage' at $677.78 million. The estimate points to a change of -11.7% from the year-ago quarter.
Analysts expect 'Net Sales- Ketjen' to come in at $248.28 million. The estimate points to a change of +1.3% from the year-ago quarter.
Analysts forecast 'Net Sales- Specialties' to reach $348.57 million. The estimate suggests a change of +1.8% year over year.
Analysts' assessment points toward 'Adjusted EBITDA- Ketjen' reaching $25.81 million. Compared to the present estimate, the company reported $35.47 million in the same quarter last year.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Specialties' should arrive at $68.89 million. Compared to the current estimate, the company reported $56.27 million in the same quarter of the previous year.
Analysts predict that the 'Adjusted EBITDA- Energy Storage' will reach $112.09 million. The estimate is in contrast to the year-ago figure of $142.89 million.
View all Key Company Metrics for Albemarle here>>>Over the past month, shares of Albemarle have returned +11.4% versus the Zacks S&P 500 composite's +2.4% change. Currently, ALB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .