In the latest trading session, Albemarle (ALB – Free Report) closed at $58.10, marking a -0.7% move from the previous day. The stock’s performance was behind the S&P 500’s daily loss of 0.23%. Meanwhile, the Dow lost 0.91%, and the Nasdaq, a tech-heavy index, added 0.1%.
Shares of the specialty chemicals company witnessed a loss of 22.51% over the previous month, trailing the performance of the Basic Materials sector with its loss of 8.32% and the S&P 500’s loss of 12.13%.
Analysts and investors alike will be keeping a close eye on the performance of Albemarle in its upcoming earnings disclosure. The company’s earnings report is set to go public on April 30, 2025. The company is forecasted to report an EPS of -$0.37, showcasing a 242.31% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.2 billion, indicating a 11.86% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.05 per share and revenue of $5.02 billion. These totals would mark changes of +97.86% and -6.69%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Albemarle. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 14.29% lower. Albemarle currently has a Zacks Rank of #3 (Hold).
The Chemical – Diversified industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 214, finds itself in the bottom 14% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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