SQM Stock Recent News

Sociedad Química y Minera de Chile S.A.'s stock has declined significantly in the past year, potentially presenting a "buy the dip" opportunity. The company's recent earnings missed expectations due to lower commodity prices and resilient input costs. However, key metrics suggest a bottom has been reached. The lithium segment contributes to 80% of the company's gross profits, and while there have been challenges, arguments in favor of the growth trend remain largely uncontested.

Sociedad Quimica y Minera de Chile investors have suffered another massive setback as SQM nearly gave up all its gains from its April lows. The uncertainty surrounding SQM's contract with the Chilean government may deter long-term value investors from returning aggressively. The company's second-quarter earnings release suggests that its growth has normalized significantly, leading to further worries about its ability to sustain earnings growth.

In the second quarter, the specialty chemicals company's revenue fell 21% year over year, more than the 14% decline Wall Street had expected. Earnings per share dropped 33%, about twice as much as the 16% decline that analysts had projected.

Lower realized average sales prices in the lithium unit weigh on Sociedad Quimica's (SQM) Q2 sales and bottom line.

(Kitco News) - SQM said its second quarter 2023 results were lower when compared to the same period last year primarily due to the lower realized average sales prices in the lithium business.

Sociedad Quimica's (SQM) second-quarter results are likely to have benefited from improved lithium demand and higher prices.

SQM: A Promising Long-Term Investment Opportunity (Technical Analysis)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

As much as some institutions like to argue that lithium supply will outweigh demand, it's not happening. At least, not anytime soon.

Zacks.com users have recently been watching SQM (SQM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.