Overview
Century Aluminum Q3 net sales slightly beat analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Adjusted EBITDA for Q3 missed analyst expectations
Outlook
Century expects Q4 Adjusted EBITDA between $170 mln and $180 mln
Result Drivers
MIDWEST PREMIUM - Higher realized Midwest Premium drove net sales increase, partially offset by unfavorable volume and sales mix
DERIVATIVE LOSSES - Unrealized losses on derivative instruments impacted net income negatively
MT HOLLY COSTS - Increased labor costs associated with Mt. Holly restart project affected profitability
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$632.20 mln
$625.97 mln (3 Analysts)
Q3 Adjusted EPS
Miss
$0.56
$0.84 (2 Analysts)
Q3 EPS
$0.15
Q3 Net Income
$14.90 mln
Q3 Adjusted EBITDA
Miss
$101.10 mln
$115.57 mln (3 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aluminum peer group is "buy"
Wall Street's median 12-month price target for Century Aluminum Co is $34.00, about 15.7% above its November 5 closing price of $28.65
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNX3SFyTP
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)
