Century Aluminum (CENX) Reports Q2 Loss, Tops Revenue Estimates

Group 1 - Century Aluminum reported a quarterly loss of $0.03 per share, missing the Zacks Consensus Estimate of $0.02, compared to earnings of $0.16 per share a year ago, representing an earnings surprise of -250% [1] - The company posted revenues of $560.8 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.63%, but down from $575.5 million year-over-year [2] - Over the last four quarters, Century has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Group 2 - The stock's immediate price movement will depend on management's commentary on the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the coming quarter is $0.26 on revenues of $552.6 million, and for the current fiscal year, it is $3.10 on revenues of $2.14 billion [7] - The estimate revisions trend for Century is currently favorable, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 3 - The Metal Products - Procurement and Fabrication industry, to which Century belongs, is currently in the bottom 34% of over 250 Zacks industries, which may impact stock performance [8]