The latest trading session saw Livent ending at $18.48, denoting a +1.15% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.25%.
Shares of the supplier of performance lithium compounds witnessed a loss of 8.7% over the previous month, trailing the performance of the Basic Materials sector with its loss of 5.58% and the S&P 500's loss of 1.6%.
Investors will be eagerly watching for the performance of Livent in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 31, 2023. The company is expected to report EPS of $0.46, up 12.2% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $274.37 million, up 18.47% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.14 per share and a revenue of $1.07 billion, representing changes of +52.86% and +31.96%, respectively, from the prior year.
Any recent changes to analyst estimates for Livent should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.62% downward. Right now, Livent possesses a Zacks Rank of #4 (Sell).
Investors should also note Livent's current valuation metrics, including its Forward P/E ratio of 8.55. This expresses a discount compared to the average Forward P/E of 14.39 of its industry.
It's also important to note that LTHM currently trades at a PEG ratio of 0.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Chemical - Specialty industry held an average PEG ratio of 2.28.
The Chemical - Specialty industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 227, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Livent (LTHM) Advances While Market Declines: Some Information for Investors
The latest trading session saw Livent ending at $18.48, denoting a +1.15% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.01% for the day. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.25%.
Shares of the supplier of performance lithium compounds witnessed a loss of 8.7% over the previous month, trailing the performance of the Basic Materials sector with its loss of 5.58% and the S&P 500's loss of 1.6%.
Investors will be eagerly watching for the performance of Livent in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 31, 2023. The company is expected to report EPS of $0.46, up 12.2% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $274.37 million, up 18.47% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.14 per share and a revenue of $1.07 billion, representing changes of +52.86% and +31.96%, respectively, from the prior year.
Any recent changes to analyst estimates for Livent should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.62% downward. Right now, Livent possesses a Zacks Rank of #4 (Sell).
Investors should also note Livent's current valuation metrics, including its Forward P/E ratio of 8.55. This expresses a discount compared to the average Forward P/E of 14.39 of its industry.
It's also important to note that LTHM currently trades at a PEG ratio of 0.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Chemical - Specialty industry held an average PEG ratio of 2.28.
The Chemical - Specialty industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 227, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.