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Century Aluminum reports its third quarter earnings on 1st Nov.
Edited by : AL CIRCLE
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Century Aluminum reported its third quarter earnings on 1st Nov.
For the quarter ended Sep. 30 (Q3), Century Aluminum beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share expanded.
Margins dropped across the board.
Century Aluminum tallied revenue of $304.6 million. The seven analysts polled by S&P Capital IQ predicted a top line of $297.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $345.6 million. For the quarter, gross margin was 1.1%, 220 basis points worse than the prior-year quarter. Operating margin was -4.4%, 460 basis points worse than the prior-year quarter. Net margin was -3.9%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $315.5 million. On the bottom line, the average EPS estimate is -$0.07. Next year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$0.56.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 441 members out of 480 rating the stock outperform, and 39 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Century Aluminum a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Century Aluminum is hold, with an average price target of $8.13
For the quarter ended Sep. 30 (Q3), Century Aluminum beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share expanded.
Margins dropped across the board.
Century Aluminum tallied revenue of $304.6 million. The seven analysts polled by S&P Capital IQ predicted a top line of $297.7 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $345.6 million. For the quarter, gross margin was 1.1%, 220 basis points worse than the prior-year quarter. Operating margin was -4.4%, 460 basis points worse than the prior-year quarter. Net margin was -3.9%, 200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $315.5 million. On the bottom line, the average EPS estimate is -$0.07. Next year's average estimate for revenue is $1.26 billion. The average EPS estimate is -$0.56.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 441 members out of 480 rating the stock outperform, and 39 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 113 give Century Aluminum a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Century Aluminum is hold, with an average price target of $8.13
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