2024-05-09 08:54:51 ET
Summary
- Market consensus expects Albemarle Corporation to face significant EPS declines in fiscal year 2024.
- Although I am not as optimistic about the rebound potential after that as the market.
- I don’t see either lithium overcapacity or EV overcapacity going away in the next 1 or 2 years.
ALB stock’s EPS outlook
Albemarle Corporation ( ALB ) faces strong EPS headwinds in the next 1~2 years. More specifically, the chart below shows Consensus EPS estimates for ALB stock in the next 4 fiscal years. As seen, analysts expect ALB's EPS to decline significantly in fiscal year 2024 to $3.38, representing a whopping 84.81% drop from the prior year. This is largely due to the potential short-term headwinds affecting the lithium market. As a reflection of the volatility of this market, analysts project a strong rebound with EPS reaching $8.10 in fiscal years 2025, which would represent a year-over-year growth of almost 140%....
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Albemarle Stock Faces Lithium And EV Overcapacity (Technical Analyses)