Does Earnings Surprise History Hold Any Clue for Alcoa (NYSE:AA)

Earnings results for Alcoa (NYSE:AA)

Alcoa Corporation is expected* to report earnings on 10/14/2021 after market close. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.85. The reported EPS for the same quarter last year was $-1.17.

Alcoa last released its earnings results on July 14th, 2021. The industrial products company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.18. The firm earned $2.83 billion during the quarter, compared to the consensus estimate of $2.64 billion. Its revenue for the quarter was up 31.9% on a year-over-year basis. Alcoa has generated ($1.16) earnings per share over the last year ($2.28 diluted earnings per share) and currently has a price-to-earnings ratio of 21.0. Earnings for Alcoa are expected to grow by 0.47% in the coming year, from $6.39 to $6.42 per share. Alcoa has confirmed that its next quarterly earnings report will be published on Thursday, October 14th, 2021. Alcoa will be holding an earnings conference call on Thursday, October 14th at 5:00 PM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10160235”.

Analyst Opinion on Alcoa (NYSE:AA)

According to the issued ratings of 10 analysts in the last year, the consensus rating for Alcoa stock is Buy based on the current 3 hold ratings and 7 buy ratings for AA. The average twelve-month price target for Alcoa is $52.00 with a high price target of $62.00 and a low price target of $38.00.

on AA’s analyst rating history

Alcoa has received a consensus rating of Buy. The company’s average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.00, Alcoa has a forecasted upside of 8.8% from its current price of $47.78. Alcoa has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Alcoa (NYSE:AA)

Alcoa does not currently pay a dividend. Alcoa does not have a long track record of dividend growth.

Insiders buying/selling: Alcoa (NYSE:AA)

In the past three months, Alcoa insiders have not sold or bought any company stock.

Earnings and Valuation of Alcoa (NYSE:AA

Earnings for Alcoa are expected to grow by 0.47% in the coming year, from $6.39 to $6.42 per share. The P/E ratio of Alcoa is 20.96, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.71. The P/E ratio of Alcoa is 20.96, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 32.60. Alcoa has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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