Alcoa Earnings Preview
Portfolio Pulse from Benzinga Insights
Alcoa (NYSE:AA) is set to release its quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $-0.40. The company's past performance shows a trend of missing EPS estimates, which has led to drops in share price. Alcoa's shares were trading at $35.57 as of July 17, with a 52-week decrease of 21.62%.
July 18, 2023 | 3:03 pm
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Alcoa's upcoming earnings report could impact its stock price. Past misses on EPS estimates have led to share price drops. The stock has seen a 52-week decrease of 21.62%.
Alcoa's stock price has historically been impacted by its earnings reports, particularly when it misses EPS estimates. Given the analysts' estimate of a negative EPS for the upcoming report and the company's past performance, it's likely that the stock price could be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100