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Arcadium Lithium plc(ALTM) - 2024 Q3 - Quarterly Results
2024-11-07 21:35
Exhibit 99.1 News Release – November 7, 2024 Arcadium Lithium Releases Third Quarter 2024 Results PHILADELPHIA and PERTH, Australia, November 7, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the third quarter of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in ...
Arcadium (ALTM) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
ZACKS· 2024-10-22 15:06
Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Arcadium despite higher revenues, with the actual results being crucial for stock price movement [1] Earnings Expectations - Arcadium is expected to report quarterly earnings of $0.05 per share, reflecting a significant year-over-year decline of 88.6% [2] - Revenues are projected to be $264.96 million, which is an increase of 25.3% compared to the same quarter last year [2] Estimate Revisions - The consensus EPS estimate for Arcadium has been revised down by 6.19% over the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Arcadium is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.78% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Arcadium currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [6] Historical Performance - In the last reported quarter, Arcadium met the expected earnings of $0.05 per share, resulting in no surprise [7] - Over the past four quarters, Arcadium has only beaten consensus EPS estimates once [7] Industry Comparison - Minerals Technologies, another player in the Zacks Chemical - Specialty industry, is expected to post earnings of $1.53 per share, reflecting a year-over-year increase of 2.7% [9] - Revenues for Minerals Technologies are expected to be $541.6 million, down 1.1% from the previous year [9] - The consensus EPS estimate for Minerals Technologies has been revised down by 0.7% over the last 30 days, and it currently has a Zacks Rank of 4, making predictions of an earnings beat uncertain [9]
Rio Tinto's Acquisition of Arcadium Lithium (ALTM) Boosts Lithium Stocks
GuruFocus· 2024-10-09 15:25
Arcadium Lithium (ALTM, Financial) shares soared 30.54% today, reaching a price of $5.54, following Rio Tinto's announcement of its plan to acquire the company for $6.7 billion. This strategic move positions Rio Tinto as a major player in the high-growth lithium market, aligning with their vision to capitalize on a market primed for a rebound. The acquisition will see Rio Tinto paying $5.85 per share, significantly enhancing the value from the pre-rumor levels. This valuation indicates a price-to-earnings ( ...
These 3 Stocks Just Spiked—Buy the Rally or Sell the News?
MarketBeat· 2024-10-09 11:31
Selling the news is a common trading strategy in which traders buy a stock in anticipation of expected news, then sell once the event occurs. It's a short-term strategy based on the psychology that the unknown is frequently better or worse than the known. Once traders have time to interpret the news, they find that it won't mean much for the long-term outlook for the stock. But sometimes news happens unexpectedly. In this case, traders may buy a stock after the news is announced. But in many cases, these st ...
Arcadium Lithium (ALTM) Jumps on Buyout Offer from Rio Tinto
GuruFocus· 2024-10-07 20:26
Arcadium Lithium (ALTM, Financial) witnessed a notable surge in its stock price today, experiencing a 34.25% increase, landing at $4.135. This significant movement follows the news of a potential buyout offer from mining giant Rio Tinto Group, heightening investor interest. The buyout offer from Rio Tinto Group, one of the largest mining companies globally, could potentially position Arcadium as a strategic asset in the booming lithium market, especially with the growing demand for electric vehicles. Howeve ...
Rio Tinto's Interest Boosts Arcadium Lithium (ALTM)
GuruFocus· 2024-10-04 15:50
Arcadium Lithium (ALTM, Financial) shares increased by 13.04% today as rumors circulated about a potential acquisition by Rio Tinto Group, aiming to expand its presence in the lithium industry. This development has spurred investor optimism, leading to a notable rise in the stock price, which is currently valued at $3.165. Arcadium Lithium (ALTM, Financial) presents an intriguing investment opportunity in the current market landscape. The company, having been impacted by low lithium prices, now stands out a ...
Arcadium Lithium plc(ALTM) - 2024 Q2 - Quarterly Report
2024-08-08 20:59
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _______ to _______ Commiss ...
Arcadium Lithium plc(ALTM) - 2024 Q2 - Earnings Call Transcript
2024-08-07 01:02
Arcadium Lithium plc (NYSE:ALTM) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Daniel Rosen - IR & Strategy Paul Graves - President & CEO Gilberto Antoniazzi - CFO Conference Call Participants Stephen Richardson - Evercore David Deckelbaum - TD Cowen Glyn Lawcock - Barrenjoey Aleksey Yefremov - KeyBanc Capital Markets Robert Stein - Macquarie Pavel Molchanov - Raymond James Joel Jackson - BMO Capital Markets Hugo Nicolaci - Goldman Sachs Kevin McCarthy - Vertical Research P ...
Arcadium (ALTM) Meets Q2 Earnings Estimates
ZACKS· 2024-08-06 23:50
Arcadium (ALTM) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this supplier of performance lithium compounds would post earnings of $0.03 per share when it actually produced earnings of $0.06, delivering a surprise of 100%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Arc ...
Arcadium Lithium plc(ALTM) - 2024 Q2 - Earnings Call Presentation
2024-08-06 20:39
Earnings Presentation Q2 2024 August 6, 2024 arcadium lithium Disclaimer Safe Harbor Statement Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this presentation are forward-looking statements. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," " ...