For its first fiscal quarter (ending March 31), Albemarle Corp (NYSE: ALB) has reported a -101% decline in E.P.S. from $10.57 a year ago to $-0.08 in the current quarter. This performance was $-1.47 short of the consensus estimate of $1.39. E.P.S. were $2.78 for the latest four quarters through March 31 versus $31.37 for the same period a year ago — a decline of -91%.
Recent Price Action
Albemarle Corp (NYSE: ALB) stock declined modestly by -1.1% on 5/1/24. The stock closed at $119.00. However, below average trading volume at 79% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months but has risen 4.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ALB is expected to continue to be a modest Value Builder.
Albemarle has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Albemarle has a good Appreciation Score of 80 but a very low Power Rating of 1, triggering the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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