Does The Street Have Albemarle Figured Out?
Albemarle (NYS: ALB) is expected to report Q4 earnings on Jan. 22. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Albemarle's revenues will decrease -8.7% and EPS will decrease -9.9%.
The average estimate for revenue is $646.0 million. On the bottom line, the average EPS estimate is $1.00.
Last quarter, Albemarle booked revenue of $661.2 million. GAAP reported sales were 8.5% lower than the prior-year quarter's $723.0 million.
Last quarter, EPS came in at $1.10. GAAP EPS of $1.10 for Q3 were 14% lower than the prior-year quarter's $1.28 per share.
For the preceding quarter, gross margin was 32.5%, 320 basis points worse than the prior-year quarter. Operating margin was 20.4%, 180 basis points worse than the prior-year quarter. Net margin was 15.0%, 110 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.70 billion. The average EPS estimate is $4.57.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 221 members out of 235 rating the stock outperform, and 14 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Albemarle a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Albemarle is outperform, with an average price target of $68.00.
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The article Does The Street Have Albemarle Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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