Loading...Loading...Alcoa Corporation AA will release its second quarter financial results, after the closing bell on Wednesday, July 17.Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at 6 cents per share, versus a year-ago loss of 35 cents per share in the year-ago period. Alcoa is expected to post revenue of $2.84 billion, compared to $2.69 billion a year earlier, according to data from Benzinga Pro.On Tuesday, Alcoa announced stockholder approval related to propos ...

Core Viewpoint - Alcoa (AA) has received an upgrade to a Zacks Rank 2 (Buy) due to a significant upward trend in earnings estimates, which is a strong indicator of potential stock price movement [1][2]. Earnings Outlook - The Zacks rating upgrade reflects a positive outlook on Alcoa's earnings, suggesting that this could lead to favorable stock price movements [2]. - For the fiscal year ending December 2024, Alcoa is expected to earn $2.20 per share, representing a 196.9% increase from the previous year's reported figure [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Alcoa has surged by 570.2%, indicating a strong upward revision trend in earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is emphasized, with institutional investors often reacting to these changes, which can lead to significant price movements [3][4]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revision characteristics [6][7]. - Alcoa's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [7].

Group 1 - Alcoa (AA) is a notable stock in the Industrial Products sector, currently ranked 4 among 218 individual stocks [1] - The Zacks Rank system indicates that Alcoa has a Zacks Rank of 2 (Buy), reflecting a positive earnings outlook [2] - Alcoa's year-to-date performance shows a return of 15.6%, outperforming the sector average of 7% [2] - The Zacks Consensus Estimate for Alcoa's full-year earnings has increased by 570.2% over the past quarter, indicating improved analyst sentiment [2] - Alcoa belongs to the Metal Products - Distribution industry, which has gained an average of 9.5% year-to-date, outperforming its industry peers [3] Group 2 - Chart Industries (GTLS) is another strong performer in the Industrial Products sector, with a year-to-date return of 18.2% [2] - Chart Industries has a Zacks Rank of 2 (Buy), with a consensus EPS estimate increase of 1.3% over the past three months [3] - Chart Industries is part of the Manufacturing - General Industrial industry, which has a year-to-date return of 7.4% and is currently ranked 49 [3]

The upcoming report from Alcoa (AA) is expected to reveal quarterly loss of $0.02 per share, indicating an increase of 94.3% compared to the year-ago period. Analysts forecast revenues of $2.87 billion, representing an increase of 7% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 70.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earning ...

Nandani Bridglal Shares of aluminum giant Alcoa Corporation (NYSE:AA) rose by over 2% in early trading on July 11th. This came after the company announced, following the close of business on July 10th, preliminary financial results covering the second quarter of the company's 2024 fiscal year. Although management has only provided a snippet of data covering that time, it is clear that the financial picture is better, not only on a year-over-year basis, but also better than what analysts anticipated. Tho ...

Alcoa Corp (NYSE:AA) stock is down 3.8% to trade at $38.78 at last check, looking to log its third-straight daily loss after its early July rally lost steam at the $43 mark. So far this week, AA has shed 8.3% and its pulling back towards its +10% year-over-year level. There's a silver lining, however, as this drip puts Alcoa stock within a chip-shot of a historically bullish trendline.Per Schaeffer's Senior Quantitative Analyst Rocky White, the aluminum stock's drawdown security put it within one standard d ...

Alcoa (AA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 17, 2024, might help the stock move higher if these key numbers are better than expectations. ...

As the global economy faces numerous headwinds, including fluctuating commodity prices and economic uncertainty, certain materials stocks are increasingly risky investments. Here are three materials stocks to sell to reduce exposure to this market cyclicality.A number of headwinds are battering these materials stocks. Persistent inflationary pressures have led to elevated interest rates, which have a twofold impact on materials stocks. Higher rates increase borrowing costs for companies, squeezing profit ma ...

MADRID, SPAIN - JANUARY 26: The Secretary of State for Industry, Rebeca Torro, making a statement ... [+] after the meeting of the Alcoa monitoring committee, at the Ministry of Industry, on 26 January, 2024 in Madrid, Spain. (Photo By Gabriel Luengas/Europa Press via Getty Images)Europa Press via Getty ImagesAlcoa is expected to publish its Q2 2024 results around July 17, reporting on a quarter that saw aluminum prices pick up notably. Alcoa stock has fared well this year, rising by 17% since early January ...

Investors should take Wall Street's view of a particular sector or stock with a grain of salt, as there are typically conflicts of interest behind these views. Think about it: if an analyst working for an investment bank decides that a company's future is bearish, that analyst could risk losing his or her job over a particular stock's rating. Still, if that company is a significant client of another of the bank's branches, that analyst could risk losing his or her job over a particular stock's rating.Howeve ...