Albemarle Corporation (NYSE:ALB ) Q4 2024 Earnings Call February 13, 2025 8:00 AM ET Company Participants Meredith Bandy - VP, IR and Sustainability Kent Masters - Chairman and CEO Neal Sheorey - EVP and CFO Eric Norris - EVP and CCO Conference Call Participants Patrick Cunningham - Citigroup Rock Hoffman - Bank of America Unidentified Analyst - Scotiabank David Begleiter - Deutsche Bank Jeffrey Zekauskas - J.P. Morgan John Roberts - Mizuho Securities Joel Jackson - BMO Capital Markets Vincent Andrews - Morgan Stanley Aleksey Yefremov - KeyBanc Capital Markets Kevin McCarthy - Vertical Research Laurence Alexander - Jefferies David Deckelbaum - TD Cowen Benjamin Kallo - Robert W.
Lower prices and volumes in the Energy Storage segment hurt ALB's top line in Q4.
While the top- and bottom-line numbers for Albemarle (ALB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Albemarle (ALB) came out with a quarterly loss of $1.09 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to earnings of $1.85 per share a year ago.
Albemarle , the world's largest producer of lithium, said on Wednesday it swung to a quarterly profit as cost cuts helped offset plunging prices for the metal used to make electric vehicle batteries.
If you bought Albemarle for its low P/E ratio when it was at $300, you should sell now as earnings will be negative. But investors who understand cyclicality look at the price-to-sales ratio and would buy Albemarle today and avoid NVIDIA. We go over how a flat price generates a 22% annualized yield here and also look at the convertible shares yielding 9.6%.
Besides Wall Street's top -and-bottom-line estimates for Albemarle (ALB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
The latest trading day saw Albemarle (ALB) settling at $79, representing a -1.1% change from its previous close.
ALB is likely to have benefited from healthy lithium volumes and its cost actions amid headwinds from softer lithium market prices in Q4.
Albemarle (ALB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The latest trading day saw Albemarle (ALB) settling at $86.28, representing a +0.44% change from its previous close.
Zacks.com users have recently been watching Albemarle (ALB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.