JUMP REPORT
| Avg Daily Volume: 3,839,982 Market Cap: 3.46B Sector: Basic Materials Short Interest: 6.18 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.23/share REV: 2,470/M
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LAST QTR: EPS: -.33/share ACTUAL: -.44/share (MISS)
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NEXT QTR: EPS: .07/share REV: 2,510/M
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FULL YR: EPS: -.87/share REV: 10,520/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 58% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 12.56, 6.39, -7.23
EXPECTED JUMP MOVE: 8-10%
Links To Latest News and Headlines
On Wednesday, January 20, Alcoa (NYSE:AA) will release its latest earnings report. Check out Benzinga’s preview to understand the implications.Net Income, Earnings, And Earnings Per Share Earnings and especially earnings per share (EPS) are useful measures of a company’s profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.Earnings And Revenue Wall Street expects EPS of $0.1 and sales around $2.34 billion. Alcoa’s loss in the same period a year ago was $0.31 per share. Quarterly sales came in at $2.44 billion.What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the “consensus estimates.” A company posting earnings or revenue above or below the consensus estimate is known as an “earnings surprise” and may move the stock by a considerable margin.View more earnings on AAThe analyst consensus estimate would represent a 132.26% increase in the company’s earnings. Sales would be down 3.94% on a year-over-year basis. Here is how the company’s reported EPS has stacked up against analyst estimates in the past:Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate -1.38 -0.54 -0.24 -0.23 EPS Actual -1.17 -0.02 -0.23 -0.31 Revenue Estimate 2.23 B 2.11 B 2.35 B 2.47 B Revenue Actual 2.37 B 2.15 B 2.38 B 2.44 B Stock Performance For a full 12 months, the return has risen by 42.93%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.Do not be surprised to see the stock move on comments made during its conference call. Alcoa is scheduled to hold the call at 17:00:00 ET and can be accessed here.See more from Benzinga * Click here for options trades from Benzinga * First Internet’s Earnings Outlook * A Preview Of Procter & Gamble’s Earnings(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alcoa (AA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Six mid-cap stocks with a favorable Zacks Rank are poised to beat on fourth-quarter earnings this week. These are: AA, UMPQ, WBS, OZK, FULT and UCBI.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Alcoa (AA) have what it takes to be a top stock pick for momentum investors? Let’s find out.
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