Century Aluminum (NAS: CENX) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Century Aluminum met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP loss per share grew. GAAP earnings per share grew.
Gross margins dropped, operating margins dropped, net margins grew.
Century Aluminum logged revenue of $321.3 million. The six analysts polled by S&P Capital IQ wanted to see net sales of $324.2 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.06. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.04 per share. Non-GAAP EPS were -$0.06 for Q1 compared to -$0.04 per share for the prior-year quarter. GAAP EPS were $0.09 for Q1 against -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.5%, 80 basis points worse than the prior-year quarter. Operating margin was 0.1%, 250 basis points worse than the prior-year quarter. Net margin was 2.6%, 390 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $317.4 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $1.21 billion. The average EPS estimate is -$0.04.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 428 members out of 469 rating the stock outperform, and 41 members rating it underperform. Among 103 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 95 give Century Aluminum a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Century Aluminum is hold, with an average price target of $8.63.
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The article Century Aluminum Meets on the Top Line, Misses Where it Counts originally appeared on Fool.com.
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