Albemarle Corp reports results for the quarter ended June 30 - Earnings Summary
Albemarle Corp reports results for the quarter ended June 30 - Earnings Summary
Albemarle Corp ALB.N reported quarterly adjusted earnings of $3.75 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of sixteen analysts for the quarter was for earnings of $3.24 per share. Wall Street expected results to range from $2.74 to $4.59 per share.
Revenue rose 31.1% to $1.74 billion from a year ago; analysts expected $1.60 billion.
Albemarle Corp's reported EPS for the quarter was $3.52.
The company reported quarterly net income of $438.27 million.
Albemarle Corp shares had fallen by 10.5% this quarter and lost 14.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 36.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty chemicals peer group is also "buy"
Wall Street's median 12-month price target for Albemarle Corp is $190.50, about 36.6% above its last closing price of $120.82
This summary was machine generated from LSEG data August 5 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 3.24 | 3.75 | Beat |
Mar. 31 2026 | 1.09 | 2.95 | Beat |
Dec. 31 2025 | -0.41 | -0.53 | Missed |
Sep. 30 2025 | -0.78 | -0.19 | Beat |
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