Centrus Energy Stock (AMEX:LEU), Trade Ideas

Centrus Energy

Centrus Energy Corp is engaged in the supply of nuclear fuel and services for the nuclear power industry. It operates through the Low-Enriched Uranium (LEU) and Technical Solutions segments. The LEU segment has two components which include the sale of separative work units and uranium. The Technical Solutions segment provides engineering, design, and manufacturing services to government and private sector customers. The majority of the firm's revenue is derived from the LEU segment. It has a business presence in the U.S. and other countries, of which prime revenue is generated in the U.S.

Centrus Energy Corp. Class A Common Stock

Centrus Energy Corp

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UUUU

Shares of uranium stocks are trading higher following a report suggesting US oil companies are looking to use small nuclear reactors to power drilling operations in the Permian Basin.

<a href="https://www.bloomberg.com/news/articles/2024-04-01/us-shale-drillers-seek-to-power-oil-patch-with-small-nukes?sref=y3YMCJ4e">https://www.bloomberg.com/news/articles/2024-04-01/us-shale-drillers-seek-to-power-oil-patch-with-small-nukes?sref=y3YMCJ4e</a>
&nbsp;
US oil companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas&#39;s Permian Basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity.
Diamondback, the largest independent producer headquartered in the shale-oil region, has signed a nonbinding letter of intent with <a href="https://www.bloomberg.com/news/articles/2024-04-01/www.oklo.com">Oklo Inc.</a> to deploy small reactors for some of its future power needs, according to Diamondback President Kaes Van&#39;t Hof. Oklo, which is developing an advanced fission reactor, has held similar discussions with other oil companies, its chief executive officer said in an interview.

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News

FANG

U.S. Shale Drillers Seek To Power Oil Patch With Small Nuclear Reactors; Reactor Company Oklo Talking To Drillers Including Diamondback

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said Marvell Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>) reported a mixed quarter. &quot;<a href="https://www.benzinga.com/news/24/03/37756021/marvells-latest-tech-leap-with-tsmc-a-2nm-chip-platform-set-to-transform-ai-infrastructure">We got to wait,&quot; he added. </a>
Last week, Marvell Technology unveiled a significant development in semiconductor technology through an expanded partnership with Taiwan Semiconductor Manufacturing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>), launching the first-ever 2nm silicon intellectual property (IP) technology platform.
Cramer recommended buying Datadog, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ddog#NASDAQ">DDOG</a>), saying that it is a &quot;dynamite&quot; company. &quot;It is expensive, but they really know what they&rsquo;re doing,&quot; he noted.
On Feb. 13, Datadog posted upbeat sales for its fourth quarter, but issued FY24 EPS guidance below estimates. The company clocked fourth-quarter FY23 revenue growth of 26% year-on-year to $589.649 million, beating the consensus of $568.695 million.
When asked about Centrus Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/leu#NYSE">LEU</a>), he said, &quot;Very speculative situation. I want you to buy the GE spinoff that&rsquo;s coming, it&rsquo;s Vernova. That has got nuke, and I love the balance sheet, and I love what the company&rsquo;s doing, and you want to be a little diversified.&quot;
On Feb. 8, Centrus Energy reported better-than-expected fourth-quarter financial results.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Altimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alt#NASDAQ">ALT</a>) is an &quot;absolute, without a doubt, high-risk stock, when you could have Eli Lilly (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lly#NYSE">LLY</a>),&quot; Cramer said.
Last month, Kerrisdale Capital announced a short position in the stock, claiming the company had little chance of competing against others in the GLP-1 space and calling it an &ldquo;<a href="https://www.benzinga.com/24/02/37102984/altimmune-stock-sinks-as-kerrisdale-capital-announces-short-position-obvious-dead-end">obvious dead end</a>.&rdquo;
When asked about Lantheus Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lnth#NASDAQ">LNTH</a>), he said, &quot;I&rsquo;ve been preferring RadNet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdnt#NASDAQ">RDNT</a>), because I think they&rsquo;ve got a better business model.&quot;
On March 4, Lantheus announced the FDA approval of DEFINITY for pediatric patients.
&quot;They were doing great, and then they did this convertible bond, and it just wrecked the stock,&quot; the &quot;Mad Money&quot; host said about SoFi Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>). &quot;The stock has just been in the dog house ever since, and I don&rsquo;t like it when I tell people to buy a stock and it&rsquo;s staying in the dog house. We got to find out what the heck is going on there.&quot;
On March 5, SoFi Technologies announced a proposed $750 million convertible senior notes offering due 2029.
Cramer said On Holding AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onon#NYSE">ONON</a>) had a &quot;controversial&quot; quarter. &quot;I am on the fence on On,&quot; he added.
<h3>Price Action</h3>
<ul>
<li>Shares of Marvell Technology gained 0.5% to close at $67.20 on Monday.</li>
<li>Datadog shares gained 0.4% to close at $120.87 on Monday.</li>
<li>Centrus Energy shares gained 1.4% to settle at $38.77.</li>
<li>Altimmune shares dipped 7.9% to settle at $9.08 on Monday.</li>
<li>Lantheus shares fell 2.8% to close at $56.52 on Monday.</li>
<li>Shares of SoFi rose 0.7% to settle at $7.08.</li>
<li>On Holding shares fell 0.4% to close at $33.10 on Monday.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37780512/traeger-and-3-other-stocks-under-5-insiders-are-buying"> Traeger And 3 Other Stocks Under $5 Insiders Are Buying</a>
Image: Shutterstock

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Cramer Calls Datadog 'Dynamite,' Puts SoFi In Dog House: 'What The Heck Is Going On'

Macro Economic Events

Global

Economics

IAEA Sends Two Quarterly Reports On Iran To Member States; Iran's Stock Of Enriched Uranium Is Estimated To Have Grown To 5,525.5 Kg; Iran's Stock Of Uranium Enriched To Up To 60% Purity In Uranium Hexafluoride (UG6) Form Estimated To Have Shrunk To 121.5 Kg; According To IAEA's Definition, Around 42 Kg Of Uranium Enriched To 60% Is Theoretically Enough, If Enriched Further, To Produce A Nuclear Bomb

Shares of Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) rose sharply in today&rsquo;s pre-market trading after the company reported better-than-expected fourth-quarter financial results and <a href="https://www.benzinga.com/news/earnings/24/02/37020695/cloudflare-q4-earnings-revenue-beat-eps-beat-strong-guidance-robust-momentum-and-more">issued first-quarter guidance</a>.
Revenue came in at $362.47 million, beating estimates of $353.1 million. The company posted earnings of 15 cents per share, topping estimates of 12 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Cloudflare expects full-year 2024 revenue of $1.648 billion and $1.652 billion versus estimates of $1.65 billion. The company sees full-year earnings in the range of 58 cents to 59 cents per share versus estimates of 56 cents per share.
Cloudflare shares surged 25.9% to $113.70 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Next.e.GO N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/egox#NASDAQ">EGOX</a>) gained 164% to $0.66 in pre-market trading.</li>
<li>Intelligent Living Application Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilag#NASDAQ">ILAG</a>) gained 110.5% to $0.9897 in pre-market trading after surging around 24% on Thursday.</li>
<li>TC Biopharm (Holdings) Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbp#NASDAQ">TCBP</a>) shares jumped 49.1% to $1.64 in pre-market trading after jumping over 16% on Thursday.</li>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) shares rose 30.3% to $0.0709 in pre-market trading. Sunworks and three subsidiaries recently made the decision to cease operations and filed for Chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware.</li>
<li>Cheche Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccg#NASDAQ">CCG</a>) shares rose 26% to $4.41 in pre-market trading after falling around 6% on Thursday.</li>
<li>Sacks Parente Golf, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spgc#NASDAQ">SPGC</a>) shares rose 24.8% to $0.96 in pre-market trading.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares gained 21.9% to $12.80 in pre-market trading after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) shares rose 21.4% to $0.0449 in pre-market trading after gaining 25% on Thursday.</li>
<li>Centrus Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/leu#NYSE">LEU</a>) shares gained 12.6% to $52.40 in pre-market trading following upbeat quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Synlogic, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sybx#NASDAQ">SYBX</a>) shares dipped 52.2% to $1.65 in pre-market trading after the company announced it will discontinue Synpheny-3, cease operations and reduce its workforce by more than 90%.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) shares declined 36.3% to $2.39 in pre-market trading after the company announced a proposed public offering.</li>
<li>Renalytix Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnlx#NASDAQ">RNLX</a>) shares fell 22.4% to $0.42 in pre-market trading after climbing over 96% on Thursday.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) shares declined 22.4% to $22.26 in pre-market trading after jumping over 59% on Thursday. The company announced it planned to join the Communications Industry Association. HOLO intends to join the Communications Industry Association to foster information technology innovation.</li>
<li>EMCORE Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/emkr#NASDAQ">EMKR</a>) fell 19.7% to $0.5050 in pre-market trading after posting weak quarterly results.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) shares declined 17.5% to $16.30 in pre-market trading.</li>
<li>Expedia Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expe#NASDAQ">EXPE</a>) declined 13.3% to $138.23 in pre-market trading after the company reported fourth-quarter financial results and named Ariane Gorin as CEO.</li>
<li>Pinterest, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pins#NYSE">PINS</a>) shares declined 10.4% to $36.50 in pre-market trading. Pinterest reported upbeat earnings for its fourth quarter, while sales missed estimates. The company said it sees first-quarter revenue in the range of $690 million to $705 million versus estimates of $702.36 million.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) shares fell 10.4% to $44.11 in pre-market trading after the company reported second-quarter financial results.</li>
<li>Take-Two Interactive Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttwo#NASDAQ">TTWO</a>) fell 8.9% to $154.50 in pre-market trading. Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company also revised its 2024 net bookings forecast to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37026785/pinterest-pepsico-and-3-stocks-to-watch-heading-into-friday"> Pinterest, PepsiCo And 3 Stocks To Watch Heading Into Friday</a>

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MicroCloud Hologram Inc. - Ordinary Shares

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TTWO

Why Cloudflare Shares Are Trading Higher By Over 25%; Here Are 20 Stocks Moving Premarket

Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:30 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Centrus Energy beat estimated earnings by 371.05%, reporting an EPS of $3.58 versus an estimate of $0.76.
Revenue was down $22.60 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.29 which was followed by a 10.93% drop in the share price the next day.
Here's a look at Centrus Energy's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.23</td>
<td>0.27</td>
<td>0.43</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.52</td>
<td>0.83</td>
<td>0.47</td>
<td>1.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>58.57M</td>
<td>62.80M</td>
<td>65.30M</td>
<td>89.95M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>51.30M</td>
<td>98.40M</td>
<td>66.90M</td>
<td>126.20M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Centrus Energy <a href="https://www.benzinga.com/quote/LEU/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Recap: Centrus Energy Q4 Earnings

Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) reported quarterly earnings of $3.58 per share which beat the analyst consensus estimate of $0.76 by 371.05 percent. The company reported quarterly sales of $103.60 million which beat the analyst consensus estimate of $71.13 million by 45.64 percent. This is a 17.91 percent decrease over sales of $126.20 million the same period last year.

Earnings Beats

Centrus Energy Q4 2023 Adj EPS $3.58 Beats $0.76 Estimate, Sales $103.60M Beat $71.13M Estimate

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Earnings Scheduled For February 8, 2024

Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that Centrus Energy will report an earnings per share (EPS) of $0.76. 
Centrus Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.29, which was followed by a 10.93% drop in the share price the next day.
Here's a look at Centrus Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.23</td>
<td>0.27</td>
<td>0.43</td>
<td>0.82</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.52</td>
<td>0.83</td>
<td>0.47</td>
<td>1.42</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-10.93%</td>
<td>20.61%</td>
<td>5.21%</td>
<td>13.92%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707328915_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Centrus Energy were trading at $47.5 as of February 06. Over the last 52-week period, shares are up 17.95%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LEU/earnings">To track all earnings releases for Centrus Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Centrus Energy

<a href="https://www.energy.gov/articles/doe-announces-next-steps-build-domestic-uranium-supply-advanced-nuclear-reactors-part">https://www.energy.gov/articles/doe-announces-next-steps-build-domestic-uranium-supply-advanced-nuclear-reactors-part</a>
&nbsp;
New Request for Proposals to Establish Domestic Supply Chain of High-Assay Low-Enriched Uranium Required for Smaller, More Versatile Reactors Will Increase Energy Security and Strengthen U.S. Competitiveness
WASHINGTON, D.C. — In support of President Biden's Investing in America agenda, today the U.S. Department of Energy (DOE) issued a request for proposals (RFP) for uranium enrichment services to help establish a reliable domestic supply of fuels using high-assay low-enriched uranium (HALEU)—a crucial material needed to deploy advanced nuclear reactors, which will help reach President Biden's goal of net-zero emissions by 2050, increase energy security, create good-paying jobs, and strengthen U.S. economic competitiveness. Currently, HALEU is not commercially available from U.S.-based suppliers, and boosting domestic supply could spur the development and deployment of advanced reactors in the United States.&nbsp;
"Nuclear energy currently provides almost half of the nation's carbon-free power, and it will continue to play a significant part in transitioning to a clean energy future," said&nbsp;U.S. Secretary of Energy Jennifer M. Granholm.&nbsp;"President Biden's Investing in America is strengthening our national and energy security through the domestic buildup of a robust HALEU supply chain, helping bring advanced reactors online in time to combat the climate crisis."
"The Biden-Harris Administration knows that nuclear energy is essential to accelerating America's clean energy future," said Assistant to the President and National Climate Advisor Ali Zaidi. "Boosting our domestic uranium supply won't just advance President Biden's historic climate agenda, but also increase America's energy security, create good-paying union jobs, and strengthen our economic competitiveness. The path to greater energy security and more climate solutions runs through investments like these, being made at historic scale by President Biden. It's good news for our economy, for America's union workforce, and for our planet."
In total, President Biden's Inflation Reduction Act will provide up to $500 million for HALEU enrichment contracts selected through <a href="https://sam.gov/opp/11ff0842638849558f2ae917975b1f28/view">this RFP</a> and a <a href="https://www.energy.gov/ne/articles/us-department-energy-issues-haleu-deconversion-request-proposals">separate one</a>, released in November, for services to deconvert the uranium enriched through this RFP into metal, oxide, and other forms to be used as fuel for advanced reactors.&nbsp;
Nuclear power is America's largest source of clean energy and provides firm, reliable, and safe power. Advanced nuclear power designs using HALEU fuels represent a critical set of technologies that can help to reach U.S. emissions targets and contribute to America's recent pledge with 21 other countries to triple nuclear power globally by 2050.
The existing U.S. fleet of reactors runs on uranium fuel that is enriched up to five percent with uranium-235—the main fissile isotope that produces energy during a chain reaction. However, most U.S. advanced reactors require HALEU, which is enriched between 5% to 20%, to achieve smaller and more versatile designs with the highest standards of safety, security, and nonproliferation. HALEU will also allow developers to optimize their systems for longer life cores, increased efficiencies and better fuel utilization.&nbsp;
DOE's Office of Nuclear Energy plans to award one or more contracts to produce HALEU from domestic uranium enrichment capabilities. Once enriched, the HALEU material will be stored on site until there is a need to ship it to deconverters.
Under the HALEU enrichment contracts, which have a maximum duration of 10 years, the government assures each contractor a minimum order value of $2 million, to be fulfilled over the term of the contract. Enrichment and storage activities must occur in the continental United States and comply with the National Environmental Policy Act. Proposals are due by 5 p.m. MST on March 8. This RFP incorporated industry feedback received on a draft version issued in June. &nbsp;
DOE is supporting several activities to expand the HALEU supply chain for advanced commercial reactors, including recycling spent nuclear fuel from government-owned research reactors. In November, DOE reached a key milestone under its HALEU Demonstration project when a company produced the nation's first 20 kilograms of HALEU, providing a first of its kind production in the United States in more than 70 years. DOE is also <a href="https://www.energy.gov/articles/cop28-us-canada-france-japan-and-uk-announce-plans-mobilize-42-billion-reliable-global">working with like-minded</a>&nbsp;countries to catalyze public and private sector investments that will expand global uranium enrichment and conversion capacity over the next three years and establish a resilient uranium supply market that is free from Russian influence. Together, the United States, Canada, France, Japan, and the United Kingdom have announced collective plans to mobilize <a href="https://www.energy.gov/articles/cop28-us-canada-france-japan-and-uk-announce-plans-mobilize-42-billion-reliable-global">$4.2 billion</a> in government-led spending to develop safe and secure nuclear energy supply chains.&nbsp;
Learn more about HALEU Availability Program activities <a href="https://www.energy.gov/ne/haleu-availability-program">here</a>.

Reported Earlier, "DOE Announces Next Steps To Build Domestic Uranium Supply For Advanced Nuclear Reactors As Part Of President Biden's Investing In America Agenda"

Contracts

LTBR

Lightbridge Enter Into A Contract With Centrus Energy To Conduct A FEED Study For A Lightbridge Pilot Fuel Fabrication Facility In Piketon, Ohio

Politics

Legal

General

Ban On Russia Uranium Imports Scheduled For U.S. House Floor Vote

Management

Centrus Energy Announced That Amir Vexler Will Succeed Daniel Poneman As Chief Executive Officer On January 1, 2024

Roth MKM analyst Joe Reagor maintains Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) with a Buy and raises the price target from $49 to $57.

Price Target

Analyst Ratings

Roth MKM Maintains Buy on Centrus Energy, Raises Price Target to $57

Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) reported quarterly earnings of $0.52 per share which beat the analyst consensus estimate of $0.23 by 126.09 percent. This is a 223.81 percent increase over losses of $(0.42) per share from the same period last year. The company reported quarterly sales of $51.30 million which missed the analyst consensus estimate of $58.57 million by 12.41 percent. This is a 54.52 percent increase over sales of $33.20 million the same period last year.

Centrus Energy Q3 2023 Gaap EPS $0.52 Beats $0.23 Estimate, Sales $51.30M Miss $58.57M Estimate

Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-11-07. Here's what investors need to know before the announcement.
Analysts estimate that Centrus Energy will report an earnings per share (EPS) of $0.23. 
Centrus Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.56, which was followed by a 20.61% increase in the share price the next day.
Here's a look at Centrus Energy's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.27</td>
<td>0.43</td>
<td>0.82</td>
<td>0.33</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.83</td>
<td>0.47</td>
<td>1.42</td>
<td>-0.42</td>
</tr>
<tr>
<td>Price Change %</td>
<td>20.61%</td>
<td>5.21%</td>
<td>13.92%</td>
<td>-31.42%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1699293734_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Centrus Energy were trading at $54.89 as of November 03. Over the last 52-week period, shares are up 19.92%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LEU/earnings">To track all earnings releases for Centrus Energy visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Centrus Energy

Morris Bawabeh, 10% Owner at Centrus Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>), reported a large insider sell on October 11, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001065059/000093041323002303//Archives/edgar/data/1065059/000093041323002303/0000930413-23-002303-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Bawabeh sold 100,000 shares of Centrus Energy. The total transaction amounted to $5,542,788. 
Centrus Energy shares are trading down 1.32% at $52.28 at the time of this writing on Thursday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001065059">Check Out The Full List Of Centrus Energy's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

10% Owner At This Energy Company Sells $5.54M of Stock

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Centrus Energy Non-GAAP EPS of $3.58 beats by $3.07, revenue of $103.6M beats by $32.47M

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Lake Street Sticks to Its Buy Rating for Centrus Energy (LEU)

Centrus Energy Corp (LEU) said after close Thursday that it earned $3.58 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.On the revenue line, the company reported $103.6 million, beating estimates by $32.5 million

Centrus Energy Corp Down 0.60% To $46.26 After Earnings Beat

Centrus Energy Corporation (LEU) Q4 2023 Earnings Call Transcript

Centrus Energy Corp (LEU) has released an update. Centrus Energy Corp. has engaged in a Sales Agreement with B. Riley Securities, Inc., Lake Street...

Centrus Energy Corp. Announces Flexible Stock Sales Agreement

The market has been high on Centrus Energy Corp (LEU)  stock recently. LEU gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Centrus Energy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LEU!See Full LEU ReportWhat is Stock Sentiment?When maki

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Press Releases

Centrus Energy CEO Dan Poneman to Speak at COP 28

Lightbridge and Centrus Energy Enter into a Contract to Conduct a FEED Study for a Lightbridge Pilot Fuel Fabrication Facility in Piketon, Ohio

Centrus Energy Announces Departure from Board of Directors

Powering Tomorrow: Why Stallion Uranium's (STLNF) Focus on Uranium could be a Game-Changer for Energy Investors

Centrus to Webcast Conference Call on February 9 at 8:30 a.m. ET

Centrus Reports Fourth Quarter and Full Year 2023 Results

Opinion

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Centrus to Participate in 36th Annual Roth Capital Partners Conference

Centrus to Ring the NYSE Closing Bell to Commemorate Start of U.S. HALEU Production

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