Shares of Centrus Energy Corp (LEU, Financial) surged 7.56% in mid-day trading on Oct 2. The stock reached an intraday high of $64.70, before settling at $64.31, up from its previous close of $59.79.
Centrus Energy (LEU) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Centrus Energy (LEU) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The Federal Reserve didn't just cut interest rates at its September meeting. It cut BIG, opting for a 50-basis point move.
Centrus Energy is uniquely positioned to capitalize on the growing nuclear industry, being the only U.S. company licensed to produce both LEU and HALEU. The U.S. government is heavily investing in rebuilding domestic uranium enrichment capabilities, with Centrus already securing substantial funding and contingent orders worth $900 million. Centrus has a strong balance sheet, experienced workforce, and significant competitive advantages, making it a front-runner in the nuclear fuel market revival.
LEU signs a long-term supply commitment deal with Korea Hydro & Nuclear Power.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Centrus Energy (LEU) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Centrus Energy Corp (NYSE:LEU ) Q2 2024 Results Conference Call August 7, 2024 8:30 AM ET Company Participants Dan Leistikow - Vice President, Corporate Communications Amir Vexler - President and Chief Executive Officer Kevin Harrill - Chief Financial Officer Conference Call Participants Rob Brown - Lake Street Capital Markets, LLC Alex Rygiel - B. Riley Securities, Inc Joseph Reagor - Roth MKM Operator Thank you for standing by.
Although the revenue and EPS for Centrus Energy (LEU) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Centrus Energy Corp. (LEU) came out with quarterly earnings of $1.89 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.83 per share a year ago.