Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Your Two Minute Earnings Preview For Alcoa (AA) Stock

ByZacks Investment Research
Published 10/07/2016, 06:05 AM
Updated 07/09/2023, 06:31 AM


Today’s quick video takes a look at Alcoa (NYSE:AA) heading into its earnings report. The company usually kicks off earnings season so it can be a harbinger of things to come for the rest of the market, making it a closely watched report.

This stock has been a strong performer in recent earnings seasons, and it is actually on a nice streak which includes three straight beats of at least 33%. The stock has performed quite nicely too, as shares are marching higher and appear to be in a good position heading into the release.

Alcoa’s strength is further backed up by a nice string of recent earnings estimates, which have helped to push the stock into ‘buy’ territory within the past week. Shares also have a ‘B’ grade for a fundamental score, so it is a nice picture overall for the stock.

ALCOA INC Price, Consensus and EPS Surprise

ALCOA INC Price, Consensus and EPS Surprise | ALCOA INC Quote

Still, this looks to be a case where the outlook matters a whole lot, as the Earnings ESP for the stock varies quite a bit depending on the time frame. Additionally, commodities have been in a little bit of trouble lately, so any discussion of future demand levels or the potential in a rising rate environment are likely to weigh on the stock following the report.

Alcoa reports on October 11th before the bell and we are looking for earnings of $0.12/share. Make sure to watch the video for a quick guide to AA heading into the report, but if you want to learn more about earnings season, check out our podcast below:

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .



ALCOA INC (AA): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.