Centrus Energy Corp. (LEU) Q2 Earnings and Revenues Top Estimates

Group 1 - Centrus Energy Corp. reported quarterly earnings of $1.89 per share, significantly exceeding the Zacks Consensus Estimate of $0.77 per share, and up from $0.83 per share a year ago, representing an earnings surprise of 145.45% [1] - The company posted revenues of $189 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 128.54%, compared to year-ago revenues of $98.4 million [2] - Centrus Energy has surpassed consensus EPS estimates three times over the last four quarters and topped consensus revenue estimates two times during the same period [2] Group 2 - The stock has underperformed, losing about 33% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.90 on revenues of $91.2 million, and for the current fiscal year, it is $2.61 on revenues of $334.55 million [7] Group 3 - The Mining - Non Ferrous industry, to which Centrus Energy belongs, is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The estimate revisions trend for Centrus Energy is currently mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]