Albemarle Earnings Preview
Portfolio Pulse from Benzinga Insights
Albemarle (NYSE:ALB) is set to release its quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $4.05. The company's past performance shows a pattern of beating EPS estimates, but this has not always led to a rise in share price. Over the last 52-week period, Albemarle's shares are down 52.81%.
October 31, 2023 | 4:01 pm
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Albemarle's upcoming earnings report could impact its stock price. Despite consistently beating EPS estimates, the company's share price has been on a downward trend, falling 52.81% over the past year.
Albemarle's stock price has been negatively affected despite the company consistently beating EPS estimates. The upcoming earnings report is highly relevant and could further influence the stock's performance, especially if the company fails to meet the estimated EPS or provides negative guidance for the next quarter.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100