The 10-second takeaway
For the quarter ended June 30 (Q2), Century Aluminum beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly. GAAP loss per share expanded.
Margins shrank across the board.
Century Aluminum reported revenue of $331.9 million. The four analysts polled by S&P Capital IQ expected to see revenue of $303.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.39. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.15 per share. GAAP EPS were -$0.39 for Q2 versus -$0.14 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 -1.7%, 350 basis points worse than the prior-year quarter. Operating margin was -7.2%, 570 basis points worse than the prior-year quarter. Net margin was -10.4%, 660 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $412.9 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $1.49 billion. The average EPS estimate is -$0.44.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 431 members out of 473 rating the stock outperform, and 42 members rating it underperform. Among 114 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 103 give Century Aluminum a green thumbs-up, and 11 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 $8.75.
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