Century Aluminum Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Century Aluminum (NASDAQ:CENX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$539.1m (down 1.1% from 3Q 2023).
• Net income: US$44.8m (up from US$42.0m loss in 3Q 2023).
• Profit margin: 8.3% (up from net loss in 3Q 2023).
• EPS: US$0.48 (up from US$0.46 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Century Aluminum EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 18% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Century Aluminum (3 shouldn't be ignored!) that you need to be mindful of.

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