Why Century Aluminum Co. Stock Crashed 20% on Thursday
Shares of Century Aluminum Co. (NASDAQ: CENX) stock closed down 20.4% today.
Believe it or not, Century Aluminum actually posted a profit on Thursday -- $0.07 per share. Adjusted for so-called one-time items, however, the stock earned only a penny a share.
Making matters even worse, analysts had been telling investors to expect a profit of $0.22 per share on a pro forma basis. So viewed from the perspective of Wall Street, what Century reported was an earnings miss...by 95.5%! The fact that Century Aluminum grew both sales and profits sequentially, therefore, didn't save its stock from suffering a gigantic sell-off.
Source: Fool.com
Century Aluminium Co. Aktie
18,76 €
0,72 %
Bei der Aktie stehen derzeit 4 Sell-Einschätzungen 1 Buy-Einschätzungen gegenüber. Das Sentiment ist also eher negativ.
Das höhere Kursziel von 22 € im Vergleich zum aktuellen Kurs von 18.76 € für Century Aluminium Co. führt zu einem positiven Potenzial von 17.27%.
