NASDAQ:CENX
Century Aluminum Company Stock Earnings Reports
$21.39
+1.23 (+6.10%)
At Close: Feb 13, 2025
Century Aluminum Company Earnings Calls
Q4 2024
(Upcoming)
Release date | Feb 19, 2025 |
EPS estimate | $0.420 |
EPS actual | - |
Revenue estimate | 515.267M |
Revenue actual | - |
Expected change | +/- 6.10% |
Q3 2024
Beat
$0.460 (43.75%)
Release date | Nov 04, 2024 |
EPS estimate | $0.320 |
EPS actual | $0.460 |
EPS Surprise | 43.75% |
Revenue estimate | 525.4M |
Revenue actual | 539.1M |
Revenue Surprise | 2.61% |
Q2 2024
Missed
-$0.0300 (-250.00%)
Release date | Aug 08, 2024 |
EPS estimate | $0.0200 |
EPS actual | -$0.0300 |
EPS Surprise | -250.00% |
Revenue estimate | 495.97M |
Revenue actual | 560.8M |
Revenue Surprise | 13.07% |
Q1 2024
Missed
-$0.390 (-105.26%)
Release date | May 01, 2024 |
EPS estimate | -$0.190 |
EPS actual | -$0.390 |
EPS Surprise | -105.26% |
Revenue estimate | 501.2M |
Revenue actual | 489.5M |
Revenue Surprise | -2.33% |
Last 4 Quarters for Century Aluminum Company
Below you can see how CENX performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
Release date | May 01, 2024 |
Fiscal end date | Mar 31, 2024 |
Price on release | $16.01 |
EPS estimate | -$0.190 |
EPS actual | -$0.390 |
EPS surprise | -105.26% |
Date | Price |
---|---|
Apr 25, 2024 | $17.61 |
Apr 26, 2024 | $17.97 |
Apr 29, 2024 | $17.98 |
Apr 30, 2024 | $17.35 |
May 01, 2024 | $16.01 |
May 02, 2024 | $16.28 |
May 03, 2024 | $16.81 |
May 06, 2024 | $17.40 |
May 07, 2024 | $17.55 |
4 days before | -9.09% |
4 days after | 9.62% |
On release day | 1.69% |
Change in period | -0.341% |
Q2 2024
Missed
Release date | Aug 08, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $12.93 |
EPS estimate | $0.0200 |
EPS actual | -$0.0300 |
EPS surprise | -250.00% |
Date | Price |
---|---|
Aug 02, 2024 | $12.71 |
Aug 05, 2024 | $12.09 |
Aug 06, 2024 | $12.79 |
Aug 07, 2024 | $12.29 |
Aug 08, 2024 | $12.93 |
Aug 09, 2024 | $12.61 |
Aug 12, 2024 | $13.95 |
Aug 13, 2024 | $13.67 |
Aug 14, 2024 | $13.44 |
4 days before | 1.73% |
4 days after | 3.94% |
On release day | -2.47% |
Change in period | 5.74% |
Q3 2024
Beat
Release date | Nov 04, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $17.54 |
EPS estimate | $0.320 |
EPS actual | $0.460 |
EPS surprise | 43.75% |
Date | Price |
---|---|
Oct 29, 2024 | $17.81 |
Oct 30, 2024 | $17.65 |
Oct 31, 2024 | $17.65 |
Nov 01, 2024 | $17.22 |
Nov 04, 2024 | $17.54 |
Nov 05, 2024 | $21.05 |
Nov 06, 2024 | $21.98 |
Nov 07, 2024 | $22.10 |
Nov 08, 2024 | $22.10 |
4 days before | -1.49% |
4 days after | 26.00% |
On release day | 20.01% |
Change in period | 24.12% |
Q4 2024
(Upcoming)
Release date | Feb 19, 2025 |
Fiscal end date | Dec 30, 2024 |
Price on release | - |
EPS estimate | $0.420 |
EPS actual | - |
Date | Price |
---|---|
Feb 07, 2025 | $18.68 |
Feb 10, 2025 | $20.60 |
Feb 11, 2025 | $21.76 |
Feb 12, 2025 | $20.16 |
Feb 13, 2025 | $21.39 |
Century Aluminum Company Earnings Call Transcript Summary of Q3 2024
- A tragic safety incident resulted in the loss of a team member from the Mt. Holly smelter, emphasizing the company’s commitment to safety and the need for operational improvements.
- Adjusted EBITDA: $104 million for Q3, up significantly due to higher aluminum prices and falling carbon prices.
- Net Sales: $539 million, down $22 million sequentially due to lower third-party alumina sales.
- Adjusted Net Income: $60 million ($0.63 per share).
- Aluminum Prices: Prices are forecasted to average $2,600 per ton in October due to central bank actions and Chinese stimulus.
- Demand Growth: Projected global demand growth of 3% for 2024, potentially accelerating in 2025 driven by electrification and light-weighting trends.
- Supply Challenges: Limited supply growth as Chinese production reaches capacity and ongoing disruptions globally, particularly in alumina.
- New regulations increased the production tax credit eligibility for certain costs, resulting in an additional benefit of $22 million in 2023 and $13 million year-to-date in 2024.
- If alumina is included as an eligible cost in the future, it could add approximately $30 million annually.
- Strong operational performance from Sebree and Mt. Holly smelters.
- The Hawesville facility is under evaluation for potential redevelopment due to interest from third parties.
- Jamalco refinery has fully recovered from hurricane impacts and resumed normal production levels.
- Adjusted EBITDA guidance for Q4 is between $70 million to $80 million, taking into account the impact of lower lagged aluminum prices but offset by favorable energy costs.
- Anticipate continued operational stability with normal shipment levels from the Jamalco refinery expected to boost liquidity.
- Engaged financial advisors to explore strategic alternatives for the Hawesville site, aiming to maximize its value.
- Committed to monitoring and adapting operations based on the evolving market dynamics and safety regulations.
- Stable Earnings Potential: The company's adjusted EBITDA and liquidity positions suggest a solid performance, with future upside from rising aluminum prices.
- Tax Credit Benefits: The 45X tax credit provides a significant boost to profitability and competitiveness.
- Operational Resilience: Successful recovery and management at Jamalco and other facilities highlight the company's operational strengths.
- Growth Prospects: With strong demand forecasts and the potential for additional alumina supply, Century is well-positioned for future growth despite current market challenges.
Century Aluminum Company Earnings History
Earnings Calendar
FAQ
When is the earnings report for CENX?
Century Aluminum Company (CENX) has scheduled its earnings report for Feb 19, 2025 before the markets open.
What is the CENX price-to-earnings (P/E) ratio?
CENX P/E ratio as of Feb 13, 2025 (TTM) is 5.82.
What is the CENX EPS forecast?
The forecasted EPS (Earnings Per Share) for Century Aluminum Company (CENX) for the first fiscal quarter 2024 is $0.420.
What are Century Aluminum Company's retained earnings?
On its balance sheet, Century Aluminum Company reported retained earnings of $539.10 million for the latest quarter ending Sep 30, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.