Albemarle Corp reports results for the quarter ended December 31 - Earnings Summary

• Albemarle Corp ALB.N reported a quarterly adjusted loss of $1.09​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.85. The mean expectation of twenty two analysts for the quarter was for a loss of 70 cents per share. Wall Street expected results to range from $-1.41 to 50 cents per share.

• Revenue fell 47.7% to $1.23 billion from a year ago; analysts expected $1.34 billion.

• Albemarle Corp's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $75.29 million.

• Albemarle Corp shares had fallen by 12.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 17 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the specialty chemicals peer group is also "hold"

Wall Street's median 12-month price target for Albemarle Corp is $100.00

This summary was machine generated from LSEG data February 12 at 10:01 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)