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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.
Alcoa Corporation AA reported better-than-expected earnings for the third quarter on Wednesday.
Alcoa Corporation (NYSE:AA ) Q3 2024 Earnings Conference Call October 16, 2024 5:00 PM ET Company Participants Louis Langlois - SVP, Treasury & Capital Markets William Oplinger - President & CEO Molly Beerman - EVP & CFO Conference Call Participants Timna Tanners - Wolfe Research Christopher LaFemina - Jefferies Lucas Pipes - B. Riley Securities William Peterson - JPMorgan Michael Dudas - Vertical Research Katja Jancic - BMO Capital Markets John Tumazos - John Tumazos Very Independent Research Carlos De Alba - Morgan Stanley Lachlan Shaw - UBS Operator Good afternoon, and welcome to the Alcoa Corporation Third 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 September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.