Centrus Energy Corp. (LEU) Reports Q3 Loss, Tops Revenue Estimates

Core Insights - Centrus Energy Corp. reported a quarterly loss of $0.30 per share, missing the Zacks Consensus Estimate of$ 0.18, and a significant decline from earnings of $0.52 per share a year ago, resulting in an earnings surprise of -266.67% [1] - The company achieved revenues of$ 57.7 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 2.12% and showing an increase from $51.3 million in the same quarter last year [2] - Centrus Energy shares have increased approximately 58% year-to-date, outperforming the S&P 500's gain of 21.8% [3] Earnings Outlook - The earnings outlook for Centrus Energy is favorable, with current consensus EPS estimates of$ 1.36 on revenues of $110.6 million for the upcoming quarter and$ 3.06 on revenues of $399.8 million for the current fiscal year [7] - The company has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates three times during the same period [2] Industry Context - The Mining - Non Ferrous industry, to which Centrus Energy belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a strong industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Centrus Energy's stock performance [5]