Alcoa Corporation (NYSE:AA ) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Molly Beerman - Executive Vice President and Chief Financial Officer Conference Call Participants Carlos De Alba - Morgan Stanley Carlos De Alba Good morning everyone. Thank you for joining the conference.
Alcoa Corporation (NYSE:AA ) Jefferies Global Industrial Conference Call September 5, 2024 1:20 PM ET Company Participants Molly Beerman - Executive Vice President and Chief Financial Officer Conference Call Participants Christopher LaFemina - Jefferies Christopher LaFemina All right. Thank you all for attending this session.
The heavy selling pressure might have exhausted for Alcoa (AA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Quite a few stocks stand out after exceeding Q2 earnings expectations this week with several sporting a Zacks Rank #2 (Buy) following their favorable quarterly reports.
B Riley Securities analyst Lucas Pipes maintains Alcoa Corporation AA with a Neutral rating, raising the price target from $39 to $43.
Alcoa Corporation (NYSE:AA ) Q2 2024 Earnings Conference Call July 17, 2024 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations & Pension Investments William Oplinger - President & Chief Executive Officer Molly Beerman - Executive Vice President & Chief Financial Officer Conference Call Participants Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research John Tumazos - John Tumazos Very Independent Research Timna Tanners - Wolfe Research Alex Hacking - Citi Lucas Pipes - B. Riley Operator Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2024 Earnings Presentation and Conference Call.
While the top- and bottom-line numbers for Alcoa (AA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Alcoa (AA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.35 per share a year ago.
Pre-market futures are down this morning. This does not appear to be as a result of any releases ahead of the open, but as sort of a mass realization that markets have climbed historically high over the past few weeks — even the Dow hit an all-time closing high yesterday — and another round of profit-taking seems to be in order.
Alcoa Corporation AA will release its second quarter financial results, after the closing bell on Wednesday, July 17.
Alcoa (AA) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Alcoa (AA) and Chart Industries (GTLS) have performed compared to their sector so far this year.