If you want to know when does SQM report earnings, there are a few things you should know first. The company is a major supplier of lithium, industrial chemicals, plant nutrients, and iodine. They are also one of the world’s largest producers of lithium.
Historical earnings dates
Whether you are looking for the date of SQM’s upcoming earnings report or want to look into the historical earnings dates of other companies, you’ll find everything you need right here. The table below displays SQM’s historical earnings and conference call dates along with the number of days they have reported results. In addition to the date, the table also includes the time of day the results were announced and the stock price reaction.
The company’s upcoming earnings date is calculated by an algorithm based on its historical reporting dates. Once the company announces an actual date, this will be updated. Additionally, the column labeled “Implied Straddle” displays the expected percentage change in earnings. Another column, the “predicted move” shows how the stock’s price might change following the announcement. This is a simple, yet very effective method for identifying a potential buying or selling opportunity.
To get the most out of this process, read the guide. It will tell you what to expect from each earnings report.
Current earnings estimates
If you’re an investor in SQM Corporation, you probably want to know what the current earnings estimates are for the company. The good news is that you can find out by visiting Zacks Investment Research. Here you’ll find the latest information on the company’s earnings and other important data. You can also check out the company’s most recent annual report, which offers an insight into its risk factors. To help you learn more about the company’s earnings, Zacks’ analysts have created an earnings report guide.
For the first half of 2021, SQM reported net income of US$157.8 million, which equates to a US$0.55 per share earnings figure. That’s a big improvement over the $0.36 per share figure in the same period of the previous year. However, it’s important to remember that the current earnings estimates are just a starting point.
Predicted move
When a company reports earnings, the stock typically moves in either direction. In the case of Sociedad Quimica y Minera (SQM), which is a lithium mining and fertilizer company, its earnings report was a roaring success. This is due in large part to its recent strong results. The firm also recently raised its guidance, indicating that “high-quality” earnings should continue to drive the stock higher. As a result, the options market has been overestimating the move in SQM’s shares 69% of the time over the past 13 quarters.
The options market’s forecast of the post-earnings SQM’s move has ranged from +7.1% to -9.2%. As a result, this represents an average move of 4.5%. So, if you are looking for a directional trade, you may be disappointed. However, if you are interested in a non-directional strategy, you will be able to estimate the magnitude of the move. If you follow this approach, you can also select a strategy that revolves around this estimated range of movements.
Analyst expected earnings growth
When SQM, or Sociedad Quimica y Minera de Chile, reports earnings, analysts are often very optimistic about the company’s prospects. In the third quarter of 2022, SQM reported a strong performance, exceeding Wall Street expectations and surpassing revenue estimates. While the company’s stock fell nearly 9%, its results were better than expected and investors are hopeful that the positive outlook will continue in the future.
SQM also had a very good performance in the lithium segment. The company’s iodine business, which is used to make x-ray contrast media, saw revenue growth of 98%. This was driven by increased sales volume and price increases. As a result, SQM’s gross margin was 55.2%, up from 49.9% in the previous year’s quarter. And in the lithium and derivatives segment, the company saw year-over-year growth of 1,033%.
Conclusion
For the nine months ended September 30, 2021, the company’s net income was US$263.9 million. Its EPS was US$0.37 per ADR. These numbers represent a significant increase from the company’s historical EPS growth rate of 22.3%. Furthermore, SQM’s projected EPS growth is 553.7%, higher than the industry average of 159.7%.
