Centrus Energy Stock Rises After Q4 Earnings Beat: Retail Sentiment Brightens
Synopsis
On an adjusted basis, the company reported $53.7 million, or $3.20 per share, for the three months ended Dec. 31, compared with the average analysts’ expectation of $1.64 per share.
Centrus Energy Corp (LEU) shares jumped 18% in early trade on Friday after the company’s fourth-quarter earnings topped Wall Street estimates.
On an adjusted basis, the company reported earnings of $53.7 million, or $3.20 per share, for the three months ended Dec. 31, compared with the average analysts’ expectation of $1.64 per share, according to Koyfin data.
The uranium fuel supplier posted quarterly revenue of $151.60 million for the fourth quarter, compared with a Street estimate of $106.67 million.
“As the only U.S.-owned, U.S.-technology enrichment company, we are well-positioned to compete for more than $3.4 billion in federal funding that has been approved by Congress,” said CEO Amir Vexler.
The company's backlog stood at $3.7 billion as of Dec. 31, 2024, extending to 2040.
Centrus said its uranium earnings more than tripled to $73.2 million during the fourth quarter.
Uranium prices hovered near multi-year highs in 2024, aided by supply constraints and a surge in demand as more countries looked to adopt nuclear energy to meet climate goals.
Centrus has built the only U.S. facility licensed to produce high-assay low-enriched uranium, or HALEU, that allows nuclear reactor developers to optimize their systems for longer operating cycles, increased efficiencies, and better fuel utilization.
The company received a contract from the U.S. Department of Energy for commercial production of HALEU in December.
Retail sentiment on Stocktwits moved further into the ‘extremely bullish’ (86/100) territory versus a day ago, while retail chatter rose to ‘extremely high.’
One user said the stock should hit $100 based on the quarterly results.
Over the past year, Centrus stock has gained 71.7%.
However, the recent DeepSeek-related selloff slightly offset its yearly gains as investors were concerned over the long-term power demand.
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