Centrus Energy Corp. (LEU) is having the kind of week shareholders would rather forget. Shares tumbled nearly 20% on Wednesday, continuing a painful decline that started Tuesday evening when the uranium enrichment company reported fourth-quarter earnings that missed Wall Street's mark on just about everything.
The numbers weren't pretty. Centrus posted earnings of 79 cents per share, a significant miss from the $1.28 analysts were expecting—that's 38% below consensus. Revenue didn't fare much better at $146.2 million, barely missing the $146.34 million estimate but more notably declining from $151.6 million in the same quarter last year. Following the earnings release, the stock initially dropped 9.05% to $241 in Tuesday's after-hours session, and the bleeding continued into Wednesday's regular trading.
Looking Ahead to Fiscal 2026
For fiscal 2026, Centrus expects revenue between $425 million and $475 million. Investors will be watching closely to see if the company can execute on that guidance after this quarter's shortfall.
A Silver Lining: Major Expansion with Fluor
Not everything was doom and gloom on Wednesday. Earlier in the day, Centrus announced a partnership with Fluor Corporation (FLR) for a multi-billion-dollar uranium enrichment expansion project in Ohio. Centrus's subsidiary tapped Fluor as the Engineering, Procurement, and Construction contractor for the ambitious expansion. It's the kind of long-term strategic move that could pay dividends down the road, even if it doesn't ease the immediate pain from the earnings miss.
What the Charts Are Saying
The technical picture reflects the recent struggle. Centrus is trading 27.7% below its 20-day simple moving average and 29.7% below its 100-day SMA—classic signs of bearish short-term momentum. That said, zoom out a bit and the story looks different: shares are still up 84.41% over the past 12 months and remain closer to their 52-week highs than lows, suggesting longer-term strength despite this recent setback.
The RSI sits at 46.28, indicating neutral momentum, while the MACD is below its signal line, pointing to bearish pressure. It's a mixed technical picture that mirrors the uncertainty investors are feeling right now.
Key levels to watch: resistance at $211.50 and support at $193.00.
What Analysts Think
Despite the recent tumble, analysts maintain a Buy rating on the stock with an average price target of $213.53. Recent analyst moves paint a varied picture:
- JP Morgan: Neutral rating with a lowered price target of $242.00 (February 5)
- Roth Capital: Neutral rating with a raised target of $125.00 (January 8)
- B. Riley Securities: Buy rating with a raised target of $315.00 (December 22, 2025)
At publication time Wednesday, Centrus Energy shares were trading at $212.34, down 19.87%.
