|Bid||74.63 x 50000|
|Ask||74.88 x 50000|
|Day's Range||72.09 - 72.76|
|52 Week Range||45.00 - 90.66|
|Beta (5Y Monthly)||1.46|
|PE Ratio (TTM)||15.11|
|Forward Dividend & Yield||1.36 (1.94%)|
|Ex-Dividend Date||Sep 17, 2020|
|1y Target Est||N/A|
Albemarle (ALB) delivered earnings and revenue surprises of 19.44% and 8.48%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
The specialty chemicals manufacturer is expected to struggle in 2020, but it has undertaken significant efforts to preserve long-term business fundamentals.
On Wednesday, August 05, Albemarle (NYSE: ALB) will release its latest earnings report. Check out Benzinga's preview to understand the implications.Earnings and Revenue Albemarle earnings will be near $0.73 per share on sales of $709.85 million, according to analysts. In the same quarter last year, Albemarle reported EPS of $1.550 on revenue of $885.05 million. The Wall Street consensus estimate for earnings would represent a 52.9% decrease for the company. The company's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate 0.83 1.74 1.57 1.44 EPS Actual 1 1.73 1.53 1.55 Revenue Estimate 762.33 M 1.00 B 890.57 M 892.37 M Revenue Actual 738.85 M 992.56 M 879.75 M 885.05 M Stock Performance Over the last 52-week period, shares are up 22.49%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.View more earnings on ALBDon't be surprised to see the stock move on comments made during its conference call. Albemarle is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/tzjyyci3See more from Benzinga * Benzinga's Top Upgrades, Downgrades For June 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.