Alcoa has fallen almost 60% since its peak of $92 in March 2022 as compared to a 33% increase in the S&P500 index during the same time. Alcoa's downward stock price movement is much sharper compared to that for its peers, including Century Aluminum Co which is down 33%, and Kaiser Aluminum Corp down 28% in the period between March 2022 to now.
Every earnings season has its share of winners and losers, as well as top and bottom-line surprises and disappointments. This recent earnings season is no different.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this AA commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Subscribers to Schaeffer's Weekend Trader options recommendation service received this AA commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Top-ranked stocks Urban Outfitters, Maplebear, Pfizer and Alcoa are likely to beat on the bottom line in their upcoming releases.
Alcoa Corporation (NYSE:AA ) Citi's 2024 Basic Materials Conference December 4, 2024 10:15 AM ET Company Participants Molly Beerman - EVP & CFO Conference Call Participants Jon Tower - Citi Jon Tower Thanks for joining. My name is Jon Tower, Citi's industrial specialist.
Klaus Kleinfeld, former Alcoa CEO and former Siemens CEO, joins 'Closing Bell Overtime' to talk the impact of Trump's proposed tariffs, his new book, and more.
William Oplinger, President and CEO of Alcoa, "welcomes the opportunity" to work with the incoming Trump administration and shares his outlook for aluminum prices.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Alcoa posted a better-than-expected set of Q3 2024 results, with EBITDA rising to $455 million, which is a 6.5x increase year-over-year. Alcoa stock has also fared well in the last 12 months, rising by 75%.
On 10/29/24, Alcoa will trade ex-dividend, for its quarterly dividend of $0.10, payable on 11/15/24. As a percentage of AA's recent stock price of $42.02, this dividend works out to approximately 0.24%.
Alcoa's Q3 2024 earnings exceeded EPS forecasts, highlighting its strong operational performance and potential undervaluation, despite a recent stock price dip. I think the company benefits from sanctions on competitor Rusal, driving aluminum demand and prices higher, which supports Alcoa's revenue growth. AA's increased aluminum output, improved EBITDA margins, and strategic acquisitions position it well for future growth and market share gains.