Stock Analysis
Albemarle (NYSE:ALB) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.36b (down 47% from 1Q 2023).
- Net loss: US$9.14m (down by 101% from US$1.24b profit in 1Q 2023).
- US$0.078 loss per share (down from US$10.57 profit in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Albemarle EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.
Performance of the American Chemicals industry.
The company's shares are up 9.0% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 2 warning signs for Albemarle you should know about.
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Find out whether Albemarle is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NYSE:ALB
Albemarle
Develops, manufactures, and markets engineered specialty chemicals worldwide.
Excellent balance sheet with moderate growth potential.