Albemarle (NYSE: ALB ) reported earnings on July 17. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Albemarle missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share dropped significantly. GAAP earnings per share increased significantly.
Gross margins shrank, operating margins dropped, net margins expanded.
Albemarle recorded revenue of $634.2 million. The 12 analysts polled by S&P Capital IQ anticipated revenue of $653.5 million on the same basis. GAAP reported sales were 7.4% lower than the prior-year quarter's $684.9 million.
EPS came in at $0.97. The 18 earnings estimates compiled by S&P Capital IQ anticipated $0.98 per share. Non-GAAP EPS of $0.97 for Q2 were 22% lower than the prior-year quarter's $1.24 per share. GAAP EPS of $0.98 for Q2 were 133% higher than the prior-year quarter's $0.42 per share.
For the quarter, gross margin was 31.0%, 440 basis points worse than the prior-year quarter. Operating margin was 17.7%, 380 basis points worse than the prior-year quarter. Net margin was 13.0%, 750 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $704.8 million. On the bottom line, the average EPS estimate is $1.36.
Next year's average estimate for revenue is $2.73 billion. The average EPS estimate is $4.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 220 members out of 235 rating the stock outperform, and 15 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Albemarle a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Albemarle is hold, with an average price target of $67.50.
Looking for alternatives to Albemarle? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Albemarle to My Watchlist.