Earnings Beat: Century Aluminum Company Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Simply Wall St.11-07

The investors in Century Aluminum Company's (NASDAQ:CENX) will be rubbing their hands together with glee today, after the share price leapt 25% to US$21.98 in the week following its quarterly results....

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Revenues of US$539m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$0.46 an impressive 53% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.With that in mind, we wouldn't be too quick to come to a conclusion on Century Aluminum. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Century Aluminum going out as far as 2026, and you can see them free on our platform here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CENX":"世纪铝业"},"translate_title":"盈利超出预期：世纪铝业公司刚刚超出分析师预期，分析师一直在更新他们的模型","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CENX":1},"content_text":"The investors in Century Aluminum Company's (NASDAQ:CENX) will be rubbing their hands together with glee today, after the share price leapt 25% to US$21.98 in the week following its quarterly results. Revenues of US$539m fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of US$0.46 an impressive 53% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year. \n See our latest analysis for Century Aluminum \n\n\n\n  NasdaqGS:CENX Earnings and Revenue Growth November 7th 2024\n \n\n Following the latest results, Century Aluminum's dual analysts are now forecasting revenues of US$2.37b in 2025. This would be a decent 13% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to plunge 37% to US$2.09 in the same period. Before this earnings report, the analysts had been forecasting revenues of US$2.25b and earnings per share (EPS) of US$0.77 in 2025. So it seems there's been a definite increase in optimism about Century Aluminum's future following the latest results, with a great increase in the earnings per share forecasts in particular. \n With these upgrades, we're not surprised to see that the analysts have lifted their price target 11% to US$21.00per share. \n One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Century Aluminum's growth to accelerate, with the forecast 10% annualised growth to the end of 2025 ranking favourably alongside historical growth of 6.6% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.5% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Century Aluminum is expected to grow much faster than its industry. \nThe Bottom Line \n The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Century Aluminum's earnings potential next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. \n With that in mind, we wouldn't be too quick to come to a conclusion on Century Aluminum. Long-term earnings power is much more important than next year's profits. We have analyst estimates for Century Aluminum going out as far as 2026, and you can see them free on our platform here. \n We don't want to rain on the parade too much, but we did also find 4 warning signs for Century Aluminum (3 don't sit too well with us!) that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","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/2481714974"}