Published on 13 Nov 2023 on Zacks via Yahoo Finance
Sociedad Quimica (SQM) to Post Q3 Earnings: What's in the Offing?
Sociedad Quimica y Minera de Chile S.A. SQM is slated to release third-quarter 2023 results on Nov 15.The company beat the Zacks Consensus Estimate for earnings in two of the last four quarters while missed twice. It has a trailing four-quarter negative earnings surprise of around 4.7%, on average. It posted a negative earnings surprise of 22.5% in the last reported quarter.The company’s third-quarter results are likely to have benefited from higher lithium volumes. Iodine volumes and prices are also expected to have remained strong in the quarter. However, the weakness in the Specialty Plant Nutrients segment is expected to have continued in the third quarter.Shares of Sociedad Quimica have lost 55.4% in the past year compared with 38.6% decline of the industry.
