Century Aluminum's Q3 Earnings Surpass Estimates, Revenues Miss

Zacks11-06

Century Aluminum Company CENX logged earnings of 46 cents per share for the third quarter of 2024, beating the Zacks Consensus Estimate of 32 cents. The figure compares favorably with the prior-year ...

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The figure compares favorably with the prior-year ...</p>\n\n<a href=\"https://finance.yahoo.com/news/century-aluminums-q3-earnings-surpass-120600065.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GOLD","symbol_name":"巴里克黄金","start_time":0,"source_url":"https://finance.yahoo.com/news/century-aluminums-q3-earnings-surpass-120600065.html","article_id":"2481609633","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ShfhwtDyA2WzDBKdAL7M8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6f2cab89bf2cbad1966358e04258e202"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481609633","pubTimestamp":1730894760,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Century Aluminum Company CENX logged earnings of 46 cents per share for the third quarter of 2024, beating the Zacks Consensus Estimate of 32 cents. The figure compares favorably with the prior-year quarter’s loss of 45 cents and a loss of 3 cents in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The sequential increase in earnings in the third quarter was due to the recognition of full-year 2023 and year-to-date 2024 Inflation Reduction Act Advanced Manufacturing credits, as well as greater LME aluminum price realization, which was somewhat offset by higher power prices.Century Aluminum Company Price, Consensus and EPS Surprise. Century Aluminum Company price-consensus-eps-surprise-chart | Century Aluminum Company Quote. The company reported net sales of $539.1 million, down 1.1% year over year. The figure missed the Zacks Consensus Estimate of $587.1 million.Primary aluminum shipments were 168,775 tons, down around 1.9% year over year.Shar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GOLD":"巴里克黄金","IAG":"IAMGOLD Corp","CENX":"世纪铝业","SAND":"沙尘暴黄金"},"translate_title":"世纪铝业第三季度盈利超出预期，营收未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CENX":1,"GOLD":0.9,"IAG":0.9,"SAND":0.9},"content_text":"Century Aluminum Company CENX logged earnings of 46 cents per share for the third quarter of 2024, beating the Zacks Consensus Estimate of 32 cents. The figure compares favorably with the prior-year quarter’s loss of 45 cents and a loss of 3 cents in the previous quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The sequential increase in earnings in the third quarter was due to the recognition of full-year 2023 and year-to-date 2024 Inflation Reduction Act Advanced Manufacturing credits, as well as greater LME aluminum price realization, which was somewhat offset by higher power prices.\n\nCentury Aluminum Company Price, Consensus and EPS Surprise\n  \nCentury Aluminum Company price-consensus-eps-surprise-chart | Century Aluminum Company Quote\n\nCENX’s Revenues and Shipments\nThe company reported net sales of $539.1 million, down 1.1% year over year. The figure missed the Zacks Consensus Estimate of $587.1 million.Primary aluminum shipments were 168,775 tons, down around 1.9% year over year.\nCENX’s Financials\nAt the end of the quarter, the company had cash and cash equivalents of $32.6 million, down 53.6% year over year.Net cash used by operating activities was $16.8 million for the nine months ended Sept. 30, 2024.\nCENX’s Outlook\nThe company forecasts fourth-quarter adjusted EBITDA to be in the $70 million to $80 million range, driven by lower LME and regional premium prices offset by reduced power costs.\nCENX’s Stock Price Performance\nShares of Century Aluminum have gained 223.4% in the past year compared with a 63.1% rise of the industry.\nImage Source: Zacks Investment Research\nCENX’s Rank & Key Picks\nCENX currently carries a Zacks Rank #3 (Hold).Better-ranked stocks worth a look in the basic materials space include IAMGOLD Corporation IAG, Sandstorm Gold Ltd. SAND and Barrick Gold Corporation GOLD.IAMGOLD is slated to report third-quarter results on Nov. 7. The Zacks Consensus Estimate for third-quarter earnings is pegged at 11 cents. IAG beat the Zacks Consensus Estimate in three of the last four quarters, with the average earnings surprise being 200%. IAG carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Sandstorm Gold is scheduled to release third-quarter results on Nov. 7. The Zacks Consensus Estimate for SAND’s third-quarter earnings is pegged at 3 cents. SAND has rallied around 36% in the past year. Sandstorm Gold carries a Zacks Rank #2.Barrick Gold is slated to report third-quarter results on Nov. 7, before the opening bell. The consensus estimate for Barrick Gold’s third-quarter earnings is pegged at 33 cents. GOLD, carrying a Zacks Rank #2, beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 21.2%.  \nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nIamgold Corporation (IAG) : Free Stock Analysis Report\nBarrick Gold Corporation (GOLD) : Free Stock Analysis Report\nSandstorm Gold Ltd (SAND) : Free Stock Analysis Report\nCentury Aluminum Company (CENX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481609633"}