Ticker delayed 20 minutes
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
An upgrade doesn’t have to be a Buy recommendation for a stock to move. Shares of Alcoa rose on Monday after Morgan Stanley analyst Carlos De Alba changed his rating on the stock to Hold from Sell. “We now see a more balanced risk-reward for Alcoa given the continued progress on cost-saving measures, reduced uncertainty on the path to resolving bauxite mining issues in Western Australia, and potentially more [Inflation Reduction Act] benefits to come,” wrote De Alba in a Monday report.
Alcoa Corporation (NYSE:AA) Q1 2024 Earnings Call Transcript April 17, 2024 Alcoa Corporation misses on earnings expectations. Reported EPS is $-0.81 EPS, expectations were $-0.62. AA isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good afternoon, and welcome to the […]
Alcoa ( NYSE:AA ) First Quarter 2024 Results Key Financial Results Revenue: US$2.60b (down 2.7% from 1Q 2023). Net…
Alcoa says last week’s decision by the U.S. and U.K. to ban imports of Russian aluminum will help alleviate unwanted Russian aluminum from distorting the global market price for the metal. “We’ve been supporting this type of action and really advocating for it for a couple of years now,” Chief Executive William Oplinger said late Wednesday during a conference call with analysts. Since the start of Russia’s war against Ukraine in 2022, many aluminum buyers in the West have voluntarily avoided aluminum from Russia.
↘️ **Taiwan Semiconductor Manufacturing (TSMC)**: TSMC reported its first profit rise in a year. However, the chip maker’s American depositary receipts fell more than 3% after it cut its forecast for the overall semiconductor market, excluding the memory sector.
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