Nuclear fuel supplier Centrus Energy (NYSE: LEU) will be reporting earnings this Wednesday after market close. Here’s what investors should know.
Centrus Energy beat analysts’ revenue expectations last quarter, reporting revenues of $76.7 million, up 4.9% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates.
Is Centrus Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Centrus Energy’s revenue to decline 1.5% year on year, improving from the 18.3% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Centrus Energy has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Centrus Energy’s peers in the mixed or offshore upstream e&p segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Black Stone Minerals’s revenues decreased 6.6% year on year, beating analysts’ expectations by 40.9%, and Vitesse Energy reported revenues up 11.3%, topping estimates by 8.2%.
Read our full analysis of Black Stone Minerals’s results here and Vitesse Energy’s results here.
There has been positive sentiment among investors in the mixed or offshore upstream e&p segment, with share prices up 6% on average over the last month. Centrus Energy is up 7.6% during the same time and is heading into earnings with an average analyst price target of $259.27 (compared to the current share price of $187.50).
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