Centrus Energy (LEU) reports Q3 results on Wednesday: what to expect

what happened

Nuclear fuel supplier Centrus Energy will publish its third-quarter results on Wednesday after the market closes, according to StockStory. In the previous quarter the company reported revenue of $176.1 million, up 14% year on year, and beat analysts' EPS estimates.

The market now expects revenue to fall 20.9% year on year, after a 29.8% rise in the same quarter last year. Analysts have left their forecasts unchanged over the past 30 days, though the company has missed revenue estimates several times over the last two years.

Among peers in the mixed or offshore upstream E&P segment, California Resources reported a 52.2% revenue decline that missed expectations by 56.5%, while Weatherford's revenue fell 7.2% but topped estimates by 0.8%. Centrus shares are down 32.2% over the past month.

why it matters

Centrus is a niche nuclear fuel supplier, so its quarterly report matters mainly to investors in that segment and to observers of the energy sector. The expected revenue decline and the recent share slump make the figures an important test of sentiment around the company.

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