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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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.