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.
Alcoa (AA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Get a deeper insight into the potential performance of Alcoa (AA) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Alcoa Corporation shares rose over 2% after announcing preliminary financial results for the second quarter of fiscal year 2024. Revenue for the quarter is expected to exceed last year's figures and analysts' expectations, driven by higher sales prices and shipment volumes. Management remains optimistic about the future, with plans to boost profitability and progress on key initiatives like the Alumina Limited acquisition and ELYSIS technology.
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.
Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key 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.
Alcoa 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.