Why Are Centrus Energy Shares Sliding On Wednesday?

Core Viewpoint - Centrus Energy Corp. reported disappointing fourth-quarter results, missing Wall Street expectations for both revenue and earnings, leading to a significant drop in share price [1][2]. Financial Performance - The company reported quarterly earnings of 79 cents per share, which was 38.09% below the Street estimate of $1.28 [2]. - Quarterly revenue was $146.2 million, slightly missing the consensus estimate of $146.34 million and down from $151.6 million in the same period last year [2]. Stock Performance - Following the earnings release, the stock initially dropped 9.05% to $241 in extended trading [2]. - As of Wednesday, shares were down 19.87% at $212.34 [6]. Future Outlook - Centrus Energy expects fiscal 2026 revenue to be in the range of $425 million to $475 million [3]. Technical Analysis - The stock is trading 27.7% below its 20-day simple moving average (SMA) and 29.7% below its 100-day SMA, indicating a bearish short-term trend [4]. - Over the past 12 months, shares have increased by 84.41%, suggesting long-term strength despite recent downturns [4]. Momentum Indicators - The Relative Strength Index (RSI) is at 46.28, indicating neutral momentum, while the MACD is below its signal line, suggesting bearish pressure on the stock [5]. Analyst Outlook - The stock carries a Buy Rating with an average price target of $213.53 [6]. - Key resistance is at $211.50 and key support is at $193.00 [6]. - Recent analyst actions include JP Morgan lowering its target to $242.00 and B. Riley Securities raising its target to $315.00 [6].