We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Your Two Minute Earnings Preview for Alcoa (AA) Stock
Today’s quick video takes a look at Alcoa (AA - Free Report) heading into its earnings report. The company usually kicks off earnings season so it can be a harbinger of things to come for the rest of the market, making it a closely watched report.
This stock has been a strong performer in recent earnings seasons, and it is actually on a nice streak which includes three straight beats of at least 33%. The stock has performed quite nicely too, as shares are marching higher and appear to be in a good position heading into the release.
Alcoa’s strength is further backed up by a nice string of recent earnings estimates, which have helped to push the stock into ‘buy’ territory within the past week. Shares also have a ‘B’ grade for a fundamental score, so it is a nice picture overall for the stock.
ALCOA INC Price, Consensus and EPS Surprise
ALCOA INC Price, Consensus and EPS Surprise | ALCOA INC Quote
Still, this looks to be a case where the outlook matters a whole lot, as the Earnings ESP for the stock varies quite a bit depending on the time frame. Additionally, commodities have been in a little bit of trouble lately, so any discussion of future demand levels or the potential in a rising rate environment are likely to weigh on the stock following the report.
Alcoa reports on October 11th before the bell and we are looking for earnings of $0.12/share. Make sure to watch the video for a quick guide to AA heading into the report, but if you want to learn more about earnings season, check out our podcast below: