Livent Corporation (NYSE: LTHM) dropped over 4.21% to trade at $27.18 in early trading session on Friday as the firm said that its third-quarter 2022 earnings would be released after the stock market close on Tuesday, November 1, 2022, through PR Newswire and the company’s website. Following that, on Tuesday, November 1, 2022, at 4:30 p.m. ET, the firm will have a webcast conference call that is available to the public through Internet broadcast and conference call.
Prior to today’s trade, the supplier of performance lithium compounds’ shares had fallen 10.63% in the previous month. In that period, the Basic Materials sector gained 1.01% while the S&P 500 lost 3.51%.
As Livent approaches its next earnings report date, Wall Street will be searching for signs of optimism. Analysts estimate Livent will earn $0.39 per share, according to the study. This would represent a year-over-year increase of 1200%. Meanwhile, our most recent average forecast calls for sales of $244.26 million, a 135.78% increase over the prior-year quarter.
In terms of the entire year, our Zacks Consensus Estimates indicate that analysts anticipate earnings of $1.37 per share and sales of $854.9 million. These figures represent increases of +661.11% and +103.35% over previous year.
Investors may also observe recent revisions in Livent analyst estimates. These updates assist to demonstrate the ever-changing nature of near-term business trends. With this in mind, we might interpret positive estimate revisions as an indication of confidence about the company’s business prospects.
According to the study, these estimate changes are directly tied to near-team stock movements. To capitalize on this, we created the Zacks Rank, an unique methodology that considers these estimate changes and delivers an actionable grading system.
