Nuclear fuel supplier Centrus Energy (NYSE: LEU) will be announcing earnings results this Wednesday after market hours. Here’s what investors should know.
Centrus Energy beat analysts’ revenue expectations last quarter, reporting revenues of $176.1 million, up 14% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.
Is Centrus Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Centrus Energy’s revenue to decline 20.9% year on year, a reversal from the 29.8% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Centrus Energy has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Centrus Energy’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q3 results, giving us a hint as to what we can expect. California Resources’s revenues decreased 52.2% year on year, missing analysts’ expectations by 56.5%, and Weatherford reported a revenue decline of 7.2%, topping estimates by 0.8%. Weatherford traded up 7.8% following the results.
Read our full analysis of California Resources’s results here and Weatherford’s results here.
Investors in the mixed or offshore upstream e&p segment have had steady hands going into earnings, with share prices flat over the last month. Centrus Energy is down 32.2% during the same time and is heading into earnings with an average analyst price target of $206.36 (compared to the current share price of $95.88).
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
