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Surging Earnings Estimates Signal Upside for Century (CENX) Stock
ZACKS· 2024-11-11 18:20
Century Aluminum (CENX) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this aluminum producer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trend ...
Century (CENX) Is Attractively Priced Despite Fast-paced Momentum
ZACKS· 2024-11-11 14:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...
Century Aluminum's Q3 Earnings Surpass Estimates, Revenues Miss
ZACKS· 2024-11-06 13:10
Century Aluminum Company (CENX) logged earnings of 46 cents per share for the third quarter of 2024, beating the Zacks Consensus Estimate of 32 cents. The figure compares favorably with the prior-year quarter’s loss of 45 cents and a loss of 3 cents in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The sequential increase in earnings in the third quarter was due to the recognition of full-year 2023 and year-to-date 2024 Inflation Reduction Act Advanced Manufactur ...
Century Aluminum(CENX) - 2024 Q3 - Earnings Call Transcript
2024-11-05 02:01
Century Aluminum Company (NASDAQ:CENX) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Ryan Crawford - Financial Planning & Analysis & Investor Relations Manager Jesse Gary - President & Chief Executive Officer Jerry Bialek - Executive Vice President & Chief Financial Officer Peter Trpkovski - Senior Vice President of Finance & Treasurer Conference Call Participants Lucas Pipes - B. Riley Securities Katja Jancic - BMO Capital Markets John Tumazos - Very Independent Research ...
Century Aluminum(CENX) - 2024 Q3 - Earnings Call Presentation
2024-11-05 00:01
Century Aluminum Company 3 rd Quarter Earnings Call November 4, 2024 Cautionary Statement Certain statements in this presentation, and those made by Century Aluminum Company management on the quarterly conference call, relate to future events and expectations and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "expect," "hope," "target," "anticipate," "intend," "plan," "seek," "estimate," "potential," "project," "scheduled ...
Century Aluminum (CENX) Q3 Earnings Beat Estimates
ZACKS· 2024-11-04 23:46
Century Aluminum (CENX) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 43.75%. A quarter ago, it was expected that this aluminum producer would post earnings of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -250%.Over the last four quarters, the comp ...
Century Aluminum(CENX) - 2024 Q3 - Quarterly Report
2024-11-04 21:08
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______. Commission file number 001-34474 Century Aluminum Company (Exact name of registrant as specified in its charter) Delaware 13-30 ...
Century Aluminum(CENX) - 2024 Q3 - Quarterly Results
2024-11-04 21:05
Exhibit 99.1 Century Aluminum Company Reports Third Quarter 2024 Results Chicago, November 4, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) today announced its third quarter 2024 results. Business Highlights • Net sales of $539.1 million • Realized LME aluminum price of $2,451/MT in third quarter is up $163/MT from prior quarter • Reported net income attributable to Century stockholders of $47.3 million and adjusted EBITDA attributable to Century stockholders of $103.7 million • Cash and ...
Century Aluminum Applauds Biden Administration Final Rules on 45X
GlobeNewswire News Room· 2024-10-24 20:05
CHICAGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Century Aluminum (NASDAQ: CENX) applauds the Biden Administration’s move to finalize guidance for the Advanced Manufacturing Production Credit (section 45X of the Inflation Reduction Act), which promotes U.S. production of critical minerals, including primary aluminum. “We are pleased the final rules include certain raw materials as part of our production costs in calculating the tax credit that we, along with many other stakeholders, requested. This reinforces the ...
Century Aluminum Sets Date for Third Quarter 2024 Earnings Announcement
GlobeNewswire News Room· 2024-10-21 20:05
CHICAGO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Century Aluminum Company (NASDAQ: CENX) will report third quarter 2024 earnings on Monday, November 4, 2024, after market close. The news release will be issued through GlobeNewswire. The company will hold a follow-up conference call on Monday, November 4, 2024, at 5:00 p.m. Eastern time. The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes befo ...