Earnings Preview: Alcoa
Portfolio Pulse from Benzinga Insights
Alcoa (NYSE:AA) is set to release its quarterly earnings report on Wednesday, 2023-10-18. Analysts estimate an earnings per share (EPS) of $-1.13. Last quarter, the company beat EPS by $0.12, followed by a 6.2% drop in the share price. Shares of Alcoa were trading at $26.81 as of October 16, and over the last 52-week period, shares are down 24.76%.
October 17, 2023 | 4:01 pm
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NEGATIVE IMPACT
Alcoa's upcoming earnings report could impact its stock price. Last quarter's EPS beat was followed by a 6.2% drop in share price. Over the last year, shares have fallen by 24.76%.
Alcoa's stock price has shown to be sensitive to its earnings reports. Despite beating EPS estimates last quarter, the share price dropped by 6.2%. Given the negative trend in the stock's performance over the past year, the upcoming earnings report could further impact the stock negatively if it fails to meet or exceed expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100