Earnings To Watch: Century Aluminum Co (CENX) Reports Q3 2024 Result

Author's Avatar
Nov 01, 2024

Century Aluminum Co (CENX, Financial) is set to release its Q3 2024 earnings on Nov 4, 2024. The consensus estimate for Q3 2024 revenue is $535.70 million, and the earnings are expected to come in at $0.32 per share. The full year 2024's revenue is expected to be $2.11 billion and the earnings are expected to be $0.83 per share. More detailed estimate data can be found on the Forecast page.

Century Aluminum Co (CENX, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Century Aluminum Co (CENX) for the full year 2024 have increased from $2.08 billion to $2.11 billion, and for 2025, the estimates have declined from $2.32 billion to $2.19 billion. Earnings estimates have also seen changes; for the full year 2024, they have increased from $0.09 per share to $0.83 per share, while for 2025, they have declined from $2.34 per share to $0.77 per share.

Century Aluminum Co (CENX, Financial) Reported History

In the previous quarter of 2024-06-30, Century Aluminum Co's (CENX) actual revenue was $560.80 million, which beat analysts' revenue expectations of $495.97 million by 13.07%. Century Aluminum Co's (CENX) actual earnings were -$0.03 per share, which missed analysts' earnings expectations of $0.02 per share by -250%. After releasing the results, Century Aluminum Co (CENX) was down by -2.47% in one day.

1852320767874854912.png

Century Aluminum Co (CENX, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 2 analysts, the average target price for Century Aluminum Co (CENX) is $19 with a high estimate of $22 and a low estimate of $16. The average target implies an upside of 7.65% from the current price of $17.65.

Based on GuruFocus estimates, the estimated GF Value for Century Aluminum Co (CENX, Financial) in one year is $9.61, suggesting a downside of -45.55% from the current price of $17.65.

Based on the consensus recommendation from 3 brokerage firms, Century Aluminum Co's (CENX, Financial) average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

1852320796698112000.png

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.