ALB / Albemarle: More of An Opportunity Than a Value Trap

Economists say the recession is canceled; the bond market is 98% sure it's still coming. The bond market is likely right, BUT history is very clear, t more_horizontal

Albemarle downgraded its 2023 sales outlook this week on weak lithium prices. The company, however, still expects to grow sales by 30% or more this ye more_horizontal

Third-quarter revenue rose 10% year over year, which missed the 22% growth Wall Street had expected. Adjusted earnings per share (EPS) dropped 63%, fa more_horizontal

(Kitco News) - Lithium producer Albemarle (NYSE: ALB) yesterday announced net sales of $2.3 billion in Q3 2023, up 10% compared to Q3 2022 ($2.1 billi more_horizontal

Lithium stocks are facing a challenging 2023, as the global metal supply exceeds the demand from electric vehicle and battery manufacturers. This surp more_horizontal

Albemarle Corporation (NYSE:ALB) after Wednesday's close announced third quarter 2023 adjusted earnings per share (EPS) of $2.74, falling short of the more_horizontal

Regardless of whether you're a Wall Street veteran or new to investing, the past four years have been a roller coaster ride. A global pandemic brought more_horizontal

Albemarle (ALB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season. more_horizontal