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Sociedad Quimica Y Minera SA (SQM)
NYSE:SQM
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.5Last Year’s EPS
0.71Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 21, 2018
|% Change Since: 2.96%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook on volume growth in key segments like Specialty Plant Nutrition and Lithium, with first revenues from Mt. Holland highlighting successful project execution. However, challenges such as declining lithium prices and an ongoing SEC investigation present hurdles. Overall, the sentiment leans towards optimism with strategic growth initiatives in place.Company Guidance
During the SQM Third Quarter 2024 Earnings Conference Call, several key metrics and guidance were discussed. Specialty Plant Nutrition volumes grew more than 20% year-on-year, boosting revenues by over 12% despite lower prices. In the lithium segment, SQM reported sales volumes exceeding 51,000 metric tons, marking an 18% increase year-on-year. However, the average realized lithium prices were 24% lower than in the second quarter of 2024, with the company projecting sales volumes close to 195,000 tons for the year. The iodine market showed a continuous price increase since the year’s start, driven by strong demand growth. Mt. Holland's spodumene concentrate production is expected to reach between 110,000 to 130,000 tons by year-end, with an increase to 160,000 to 190,000 tons in 2025. Additionally, the company expects the global lithium demand to grow at a rate of 16% to 18% annually over the next five years, driven by the electric vehicle market.Specialty Plant Nutrition Volume Growth
Volumes in the Specialty Plant Nutrition business line grew more than 20% year-on-year, increasing revenues by over 12% despite lower prices during the period.
Lithium Sales Growth
Lithium sales volumes exceeded 51,000 metric tons, marking an 18% growth year-on-year, driven by strong demand primarily from the EV market in China.
First Revenue from Mt. Holland
SQM reported its first revenue from Mt. Holland with ongoing spodumene concentrate production, marking a significant step in enhancing lithium market efficiency.
Iodine Price Increase
SQM observed a subtle but continued price increase in iodine since the beginning of the year, supported by strong demand growth and limited supply.
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SQM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SQM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $39.14 | $38.74 | -1.02% |
| Aug 20, 2024 | $37.53 | $37.27 | -0.69% |
| May 22, 2024 | $47.51 | $48.62 | +2.34% |
| Feb 29, 2024 | $45.89 | $49.58 | +8.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sociedad Quimica Y Minera SA (SQM) report earnings?
Sociedad Quimica Y Minera SA (SQM) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Sociedad Quimica Y Minera SA (SQM) earnings time?
Sociedad Quimica Y Minera SA (SQM) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SQM EPS forecast?
SQM EPS forecast for the fiscal quarter 2024 (Q4) is 0.5.
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