SQM - Sociedad Quimica y Minera de Chile Q3 Earnings Preview: What to Expect

Sociedad Quimica y Minera de Chile (NYSE:SQM) is scheduled to announce Q3 earnings results on Wednesday, November 17th, after market close. The consensus EPS Estimate is $0.49 (vs. $0.01 Y/Y) and the consensus Revenue Estimate is $665.6M (+47.0% Y/Y). Over the last 1 year, SQM has beaten EPS estimates 25% of the time and has beaten revenue estimates 25% of the time. The stock has dropped 1.20% following Q2 earnings release on Aug.19 despite reporting stronger than expected Q2 earnings and revenues. Q2 lithium sales volumes surged more than 90%, while average lithium prices rose nearly 20% Q/Q, as sales contracts signed last year expire and a higher percentage of sales are invoiced based on the current pricing scenario. "The company says global demand for lithium is rising at a faster pace than previously thought, forecasting global demand for lithium could increase more than 40% this year, translating into sales volume of more than 95K metric tons, up from its

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Sociedad Quimica y Minera de Chile Q3 Earnings Preview: What to Expect