Century Aluminum: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Century Aluminum (NASDAQ:CENX) reported Q4 earnings with an EPS of $0.39, surpassing estimates by 129.41% but with a revenue decrease of $17.60 million YOY. The company had previously beaten EPS estimates in Q3 2023, leading to a 2.95% stock price increase the next day.
February 21, 2024 | 9:20 pm
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Century Aluminum reported a significant beat on Q4 earnings with an EPS of $0.39 against estimates of $0.17, despite a revenue decrease from the previous year.
The substantial beat on EPS estimates is likely to positively impact investor sentiment and potentially lead to a short-term increase in CENX's stock price, similar to the previous quarter's performance post-earnings announcement. However, the decrease in revenue YOY could temper some of the positive momentum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100