So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Livent would post earnings of $0.03 per share when it actually produced earnings of $0.02, delivering a surprise of -33.33%.The company has not been able to beat consensus EPS estimates in any of the last four quarters.An earnings beat or miss may not be the sole basis for a stock moving higher or lower.
As a result, we currently expect full year carbonate and chloride production levels out of Argentina to be broadly similar to 2019. Cumulative Growth of a $10,000 Investment in Stock AdvisorLivent Corp. (LTHM) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $LTHM Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Good afternoon, and welcome to the Second Quarter 2020 Earnings Release Conference for Livent Corporation. Based on these models, in our over 20 years of operation in the salar, there has been no visible decrease in brine or water levels.Our detailed monitoring of the salar over this timeframe has allowed us to build a rich database of information that we have been able to leverage to effectively communicate with all of our important stakeholders and drive real improvements in our operations. Because if you don't, you just don't invest, you just can't. It's certainly at the limits of what you really wanted to be given the demand environment.Your next question comes from Mike Harrison from Seaport Global Securities. And it's not easy for anybody to do. Represents legal, professional, transaction related fees and other separation-related activity.Represents the partial write off of deferred financing costs for the temporary reduction in borrowing capacity related to the First Amendment excluded from our calculation of Adjusted EBITDA because the loss is nonrecurring.Represents a portion of our nonrefundable prepaid research and development costs advanced to our unconsolidated affiliate in the fourth quarter 2019 and excluded from our calculation of Adjusted EBITDA in the same period because the costs represent research and development activities of the affiliate that had not occurred as of The company excludes the GAAP tax provision, including discrete items, from the non-GAAP measure of income, and instead includes a non-GAAP tax provision based upon the projected annual non-GAAP effective tax rate.
Livent's process is not reliant on large pre-concentration ponds, which significantly lowers our land footprint and also means we do not add to the natural rate of water loss from evaporation by exposing underground brine to the elements over a roughly two-year period.Livent is able to return almost all of the brine and water it draws back to the salar, without introducing any solvents or hazardous chemicals. Actual results may vary based upon these risks and uncertainties.Today's discussion will include references to various non-GAAP financial metrics. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
Capital markets are voting with their wallets as to who they think the winners will be in the move to electrification.With carbon-conscious principles strongly behind the transition to electric vehicles, the industry is poised to further benefit from recent announcements from leading companies around the world that are doubling down on commitments to reduce their own carbon footprint. But also in their understanding of what the implications are, if we don't get this right.And so conversations with those customers is far more constructive and thoughtful than it is maybe with some others, who just look at data that is published on various price websites and say, that's the price I want. First, Livent has been committed to ensuring its manufacturing sites continue to operate safely and with minimal disruption. Paul, my follow-up with the one of your big competitors has their commercial strategy has resulted in a lot of long-term supply agreements and the way they characterize those evolving discussions and relationships that sort of concessions that may or may not be short term in nature. This uncertainty continues today, and we can see that the end consumer, on average, has not yet returned to spending at pre-COVID levels, and this is inevitably impacting the electric vehicle supply chain.Understandably, some lithium customers have been reluctant to take their lithium volume commitments any sooner than necessary, as they instead focus on managing working capital until they gain greater visibility into their own customer demand plans. But once we get beyond that, we expect to be the ones sourcing the lithium. Your line is open.Yes. Livent's performance for the quarter was negatively impacted by the disruption caused by COVID-19, as shown on slide four. Furthermore, 10-day volume stands at 2.15 million and more growth is possible in the weeks ahead. We have, I think it's fair to say as well, a different conversation with somebody who has a historical legacy of building vehicles and wants to approach building an electric vehicle in exactly the same way. Look, it's -- I talked about this sort of two opposing forces almost a unique situation that we found ourselves in where the demands on us and the requirements of as in the needs for us to continue to invest in existing operations to meet increasingly tight specifications is no joke. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. I mean some of these individuals have really gone the extra mile out our employees. [Operator Instructions]I will now turn the conference over to Mr. Daniel Rosen, Investor Relations and Strategy for Livent Corporation. Livent: 2Q Earnings Snapshot Associated Press 7 August 2020 PHILADELPHIA (AP) _ Livent Corp. (LTHM) on Thursday reported a second-quarter loss of $200,000, after reporting a … Adjusted EBITDA of $9 million and … Our research shows that stocks with this combination produce Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Livent was one of the first U.S. companies to tap into this green financing option and it provided a number of key benefits for us.
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