The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Century Aluminum met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Century Aluminum logged revenue of $318.2 million. The seven analysts polled by S&P Capital IQ expected revenue of $317.6 million on the same basis. GAAP reported sales were 0.4% higher than the prior-year quarter's $316.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at -$0.30. The nine earnings estimates compiled by S&P Capital IQ forecast -$0.32 per share on the same basis. GAAP EPS were -$0.35 for Q4 versus $0.65 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 -4.3%, 1,730 basis points worse than the prior-year quarter. Operating margin was -8.5%, 1,800 basis points worse than the prior-year quarter. Net margin was -9.8%, 3,040 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $330.2 million. On the bottom line, the average EPS estimate is -$0.11.
Next year's average estimate for revenue is $1.41 billion. The average EPS estimate is $0.40.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 443 members out of 495 rating the stock outperform, and 52 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 152 give Century Aluminum a green thumbs-up, and seven 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 $12.89.
Is Century Aluminum the right metals stock for you? Find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
- Add Century Aluminum to My Watchlist.
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.