Alcoa Estimates Improved Second-Quarter Results - Stock Off [TheStreet.com]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: TheStreet.com
Alcoa(AAGet ReportThe Pittsburgh company said it benefited from rising productivity and cost cuts, despite the burden of the coronavirus pandemic.The company estimates a net loss of $190 million to $205 million, or $1.02 to $1.10 a share, for the second quarter. That's narrowed from a loss of $402 million, or $2.17 a share, in the year-earlier quarter.Alcoa projects adjusted earnings per share at break-even to down 8 cents a share, better than the FactSet-survey derived consensus analyst estimate of a 58-cent loss.The company expects to report revenue of $2.1 billion to $2.18 billion for the quarter, down from $2.71 billion a year earlier. The estimate would beat the FactSet consensus of $2.09 billion.Alcoa will report second-quarter results on July 15.The company estimates a 5% increase in mining output, a 2% increase in refining output and a 3% increase in primary aluminum output in the second quarter compared with the first quarter."Demand for aluminum value-added products declined
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News
- Alcoa First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at B. Riley from $25.00 to $31.00. They now have a "neutral" rating on the stock.MarketBeat
- Alcoa moves up despite EPS miss as company sees improving markets [Seeking Alpha]Seeking Alpha
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at Jefferies Financial Group Inc. from $45.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
- Alcoa Co. (NYSE: AA) had its price target raised by analysts at BMO Capital Markets from $35.00 to $37.00. They now have a "market perform" rating on the stock.MarketBeat
AA
Earnings
- 4/17/24 - Miss
AA
Sec Filings
- 4/18/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- AA's page on the SEC website