Alcoa Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Alcoa Corporation (NYSE:AA) is set to release its Q2 financial results on July 17. Analysts expect earnings of 6 cents per share and revenue of $2.84 billion. Alcoa recently received stockholder approval for the acquisition of Alumina Limited. The stock closed at $38.66, down 1.6%. Analysts have revised their ratings and price targets, with Morgan Stanley upgrading to Overweight and Citigroup maintaining a Buy rating.
July 17, 2024 | 2:16 pm
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Alcoa is set to release its Q2 earnings, with analysts expecting a positive turnaround in EPS and increased revenue. The company also received stockholder approval for the acquisition of Alumina Limited. Recent analyst upgrades and price target increases suggest positive sentiment.
The upcoming earnings report is expected to show a positive turnaround in EPS and increased revenue, which is likely to boost investor confidence. The acquisition of Alumina Limited and recent analyst upgrades further support a positive short-term outlook for Alcoa's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100