Albemarle (NYSE:ALB) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Albemarle beat estimated earnings by 46.01%, reporting an EPS of $2.38 versus an estimate of $1.63.
Revenue was up $298.71 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 19.91% drop in the share price the next day.
Here's a look at Albemarle's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.99 | 0.77 | 0.83 | 0.8 |
| EPS Actual | 1.01 | 1.05 | 0.89 | 1.1 |
| Revenue Estimate | 894.47M | 770.38M | 788.60M | 757.71M |
| Revenue Actual | 894.20M | 830.57M | 773.90M | 829.29M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Albemarle management provided guidance for FY 2022, expecting earnings between $9.25 and $12.25 per share.
To track all earnings releases for Albemarle visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
