Published on 30 Apr 2024 on Zacks via Yahoo Finance
Albemarle (ALB) to Report Q1 Earnings: What's in the Cards?
Albemarle Corporation ALB will release first-quarter 2024 results after the closing bell on May 1.The company beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters while missing once. In this timeframe, it delivered an earnings surprise of 45.4%, on average. It posted an earnings surprise of roughly 86.9% in the last reported quarter. ALB is likely to have benefited from higher lithium volumes and its cost and productivity actions in the first quarter amid headwinds from softer lithium market prices.Albemarle’s shares have lost 29.1% over a year compared with a 7.2% decline of the industry it belongs to.
