CENX Earnings Prediction
The chart below shows how CENX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CENX sees a -0.01% change in stock price 10 days leading up to the earnings, and a +8.24% change 10 days following the report. On the earnings day itself, the stock moves by +0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
CENX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
539.10M
-1.12%
-3.87%
Gross Margin
15.17%
818.96%
316.76%
Operating Margin
11.83%
366.44%
937.72%
Net Margin
7.85%
193.23%
-759.66%
EPS
0.46
202.22%
-1633.33%
No Data Available
CENX Earnings Analysis
Century Aluminum Co Corporation (CENX.O) Earnings Conference Call
Positive
Strong Operational Performance: Century Aluminum Company generated adjusted EBITDA of $104 million in the third quarter, reflecting strong operational performance.
Net Income Increase: The company reported a net income of $60 million, or $0.63 per share, driven by higher realized aluminum prices and lower raw material costs.
Record Aluminum Demand Growth: Global aluminum demand has reached record levels in 2024, driven by strong trends towards electrification and lightweighting, with a projected growth of 3% in demand.
Record Aluminum Price Impact: The spot Atlantic aluminum price reached an all-time record of $715 per ton, contributing to improved profitability in the quarter.
Positive Price Impact: The company expects to see continued benefits from recent spot prices above $2,600 per ton, positively impacting financial results into Q1 2025.
Negative
Quarterly Net Sales Decline: Net sales for the quarter were $539 million, a decrease of $22 million sequentially.
Adjusted Net Income Decline: Adjusted net income was $60 million, or $0.63 per share, reflecting a decrease due to higher costs and lower sales.
Global Shipment Performance: Third quarter global shipments were approximately 169,000 tons, slightly higher than last quarter but not meeting expectations.
Tax Credit Impact on Cash Flow: The total 45X tax credit booked in the quarter increased the tax credit receivable on our balance sheet until the direct cash payments are received, indicating cash flow issues.
LME Price Decline Impact: The lagged LME of $2,430 per ton is expected to be down about $20 versus Q3 realized prices, indicating a decline in profitability.
CENX FAQs
How does CENX typically perform around its earnings report dates?
Is Century Aluminum Company (CENX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CENX Earning Call Sentiment
Century Aluminum Company (CENX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CENX.O
5.63%Positive
The earnings call summary indicates strong financial performance with increased adjusted EBITDA and net income. Despite a decrease in net sales due to operational issues, the company has managed to improve liquidity and expects additional benefits from tax credits. The Q&A session highlighted management's cautious approach to capacity restarts and asset repurposing, with analysts showing interest in the company's strategic decisions. Although there are some operational challenges and liquidity concerns, the overall sentiment is positive, with optimistic guidance and potential for future growth.
