Q3 Earnings Forecast for SQM Issued By Scotiabank

Key Points

• Scotiabank forecasts Q3 2026 EPS of $2.59 for SQM and maintains a “Sector Outperform” rating with a $104 price target. The current full-year consensus EPS estimate is $7.45.
• SQM’s latest quarter exceeded expectations, with EPS of $2.31 versus the $2.03 consensus and revenue of $2.47 billion versus $2.24 billion expected. Revenue rose 136.7% year over year.
• Analyst sentiment remains mixed: SQM has a consensus “Hold” rating and an average price target of $86.12, while the stock recently traded at $58.95, below its 50-day and 200-day moving averages.

Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) - Investment analysts at Scotiabank issued their Q3 2026 earnings per share (EPS) estimates for shares of Sociedad Quimica y Minera in a research note issued on Tuesday, October 27th. Scotiabank analyst B. Isaacson forecasts that the basic materials company will earn $2.59 per share for the quarter. Scotiabank has a "Sector Outperform" rating and a $104.00 price objective on the stock. The consensus estimate for Sociedad Quimica y Minera's current full-year earnings is $7.45 per share.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last released its earnings results on Friday, August 14th. The basic materials company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.28. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.24 billion. Sociedad Quimica y Minera had a return on equity of 18.20% and a net margin of 20.62%. The business's revenue for the quarter was up 136.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Sociedad Quimica y Minera from a "hold" rating to a "strong sell" rating in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Quimica y Minera from $105.00 to $98.00 and set a "buy" rating for the company in a research report on Tuesday, July 14th. The Goldman Sachs Group raised their price target on shares of Sociedad Quimica y Minera from $64.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Citigroup upgraded Sociedad Quimica y Minera from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $97.00 to $95.00 in a research note on Thursday, August 27th. Finally, Weiss Ratings lowered Sociedad Quimica y Minera from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Sociedad Quimica y Minera currently has a consensus rating of "Hold" and a consensus price target of $86.12.

Sociedad Quimica y Minera Price Performance

SQM opened at $58.95 on Thursday. The firm has a market cap of $16.84 billion, a P/E ratio of 12.15, a PEG ratio of 0.19 and a beta of 1.05. The firm has a 50-day moving average of $68.83 and a 200 day moving average of $75.72. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.96 and a current ratio of 2.61. Sociedad Quimica y Minera has a fifty-two week low of $45.00 and a fifty-two week high of $98.00.

Sociedad Quimica y Minera Dividend Announcement

The business also recently declared a special dividend, which was paid on Monday, September 21st. Stockholders of record on Tuesday, September 8th were issued a $1.4350 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. Sociedad Quimica y Minera's dividend payout ratio (DPR) is presently 34.85%.

Hedge Funds Weigh In On Sociedad Quimica y Minera

Hedge funds have recently made changes to their positions in the stock. Nykredit A S purchased a new position in Sociedad Quimica y Minera during the second quarter valued at approximately $2,756,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Sociedad Quimica y Minera in the first quarter valued at $2,854,000. Amundi boosted its holdings in shares of Sociedad Quimica y Minera by 15.0% in the 1st quarter. Amundi now owns 640,499 shares of the basic materials company's stock worth $51,842,000 after purchasing an additional 83,738 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Sociedad Quimica y Minera by 602.0% during the 1st quarter. Renaissance Technologies LLC now owns 502,484 shares of the basic materials company's stock valued at $40,671,000 after purchasing an additional 430,900 shares during the last quarter. Finally, ARGA Investment Management LP bought a new position in shares of Sociedad Quimica y Minera during the 1st quarter valued at about $21,297,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Company Profile

Sociedad Química y Minera de Chile SA NYSE: SQM, commonly known as SQM, is a Chilean chemical and mining company headquartered in Santiago. Founded in 1968, the company develops and produces specialty chemicals and plant nutrients from mineral resources in northern Chile.

SQM is one of the world's major producers of lithium compounds, including lithium carbonate and lithium hydroxide, which are used in rechargeable batteries and other industrial applications. The company also produces iodine and iodine derivatives, potassium chloride, potassium sulfate, industrial chemicals, and specialty plant nutrition products.

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