Centrus Energy Q3 revenue falls 26%, misses estimates
Centrus Energy Q3 revenue falls 26%, misses estimates
Overview
US nuclear fuel supplier's Q3 revenue fell 26% yr/yr, missing analyst expectations
Adjusted net loss for Q3 was $9.4 mln, reversing from adjusted net income last year
Company cites lower uranium sales and reduced DOE contract revenue as reasons for revenue decline
Outlook
Centrus expects 2026 revenue between $450 mln and $500 mln
Company sees 2026 capital deployment of $350 mln to $500 mln
Result Drivers
LOWER URANIUM SALES - Co said revenue decline was mainly due to lower volume of uranium sold
DOE CONTRACT REVENUE DROP - Co said Technical Solutions segment revenue fell due to lower revenue from DOE HALEU production contract
WARRANT LIABILITY GAIN - Net income rose due to a gain from fair value adjustment of warrant liabilities and higher investment income
Company press release: ID:nPn3PpTFma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $55.50 mln | $57.41 mln (17 Analysts) |
Q3 Net Income |
| $31.60 mln |
|
Q3 Operating Income |
| -$29.70 mln |
|
Q3 Pretax Profit |
| $28.70 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the uranium peer group is "buy"
Wall Street's median 12-month price target for Centrus Energy Corp. is $183.00, about 91.3% above its November 3 closing price of $95.67
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 60 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)