How did LEU's Q4 earnings surprise investors?

LEU's Q4 earnings exceeded investor expectations with an EPS surprise of $1.87, which is a clear indication that the company's performance for the period was better than anticipated. This positive surprise may be attributed to several factors:

1. **Revenue Growth**: Centrus Energy, the company behind LEU, experienced a significant increase in revenue, driven by the LEU and Technical Solutions segments. The revenue growth, coupled with the earnings beat, suggests that the company's strategic initiatives are paying off.
2. **Market Position**: LEU's position as a critical supplier of enriched uranium and its plans to produce Low-Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU) have been highlighted as strategic differentiators. These factors could have contributed to the positive earnings surprise.
3. **Analyst Ratings**: Recent analyst ratings have been favorable, with Craig Hallum initiating coverage with a Buy rating and a price target of $129, suggesting confidence in the company's future prospects. This positive sentiment could have influenced investor expectations and reactions to the earnings report.

In summary, LEU's Q4 earnings surprise can be attributed to a combination of revenue growth, market positioning, and favorable analyst ratings. These factors collectively contributed to a positive earnings outcome that exceeded investor expectations.