Century Aluminum Beats on Both Top and Bottom Lines
Jul 25th 2012 11:29AM
Updated Jul 25th 2012 11:32AM
Century Aluminum (NAS: CENX) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Century Aluminum beat slightly on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Century Aluminum tallied revenue of $323.6 million. The seven analysts polled by S&P Capital IQ looked for revenue of $319.3 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $366.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.14. The 11 earnings estimates compiled by S&P Capital IQ anticipated -$0.15 per share. GAAP EPS were -$0.14 for Q2 compared to $0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 1.8%, 1,170 basis points worse than the prior-year quarter. Operating margin was -1.5%, 1,140 basis points worse than the prior-year quarter. Net margin was -3.8%, 1,030 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $310.7 million. On the bottom line, the average EPS estimate is -$0.18.
Next year's average estimate for revenue is $1.29 billion. The average EPS estimate is -$0.51.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 443 members out of 485 rating the stock outperform, and 42 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 101 give Century Aluminum a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Century Aluminum is hold, with an average price target of $11.63.
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The article Century Aluminum Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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