For the quarter ended September 2023, Alcoa (AA - Free Report) reported revenue of $2.6 billion, down 8.7% over the same period last year. EPS came in at -$1.14, compared to -$0.33 in the year-ago quarter.
The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being -$1.13, the EPS surprise was -0.89%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average realized third-party price per metric ton of alumina: $354 compared to the $335.27 average estimate based on two analysts.
- Average realized third-party price per metric ton of aluminum: $2,647 versus the two-analyst average estimate of $2,694.79.
- Third-party alumina shipments in Tons: 2,374 Kmt versus 2,266.81 Kmt estimated by two analysts on average.
- Third-party aluminum shipments in Tons: 630 Kmt versus the two-analyst average estimate of 649.11 Kmt.
- Total sales- Alumina: $1.34 billion versus $1.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
- Total sales- Aluminum: $1.65 billion compared to the $1.70 billion average estimate based on two analysts. The reported number represents a change of -17% year over year.
- Third-party sales- Bauxite: $111 million versus $98.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +88.1% change.
- Third-party sales- Alumina: $846 million versus the two-analyst average estimate of $768.36 million. The reported number represents a year-over-year change of +1.7%.
- Intersegment sales- Aluminum: $4 million versus $4.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -60% change.
- Total Third-party sales: $2.60 billion compared to the $2.62 billion average estimate based on two analysts. The reported number represents a change of -9.2% year over year.
- Intersegment sales- Alumina: $381 million versus the two-analyst average estimate of $357.20 million. The reported number represents a year-over-year change of -8.9%.
- Third-party sales- Aluminum: $1.64 billion versus the two-analyst average estimate of $1.75 billion. The reported number represents a year-over-year change of -16.8%.
View all Key Company Metrics for Alcoa here>>>Shares of Alcoa have returned -2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
For the quarter ended September 2023, Alcoa (AA - Free Report) reported revenue of $2.6 billion, down 8.7% over the same period last year. EPS came in at -$1.14, compared to -$0.33 in the year-ago quarter.
The reported revenue represents a surprise of +0.42% over the Zacks Consensus Estimate of $2.59 billion. With the consensus EPS estimate being -$1.13, the EPS surprise was -0.89%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average realized third-party price per metric ton of alumina: $354 compared to the $335.27 average estimate based on two analysts.
- Average realized third-party price per metric ton of aluminum: $2,647 versus the two-analyst average estimate of $2,694.79.
- Third-party alumina shipments in Tons: 2,374 Kmt versus 2,266.81 Kmt estimated by two analysts on average.
- Third-party aluminum shipments in Tons: 630 Kmt versus the two-analyst average estimate of 649.11 Kmt.
- Total sales- Alumina: $1.34 billion versus $1.17 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7% change.
- Total sales- Aluminum: $1.65 billion compared to the $1.70 billion average estimate based on two analysts. The reported number represents a change of -17% year over year.
- Third-party sales- Bauxite: $111 million versus $98.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +88.1% change.
- Third-party sales- Alumina: $846 million versus the two-analyst average estimate of $768.36 million. The reported number represents a year-over-year change of +1.7%.
- Intersegment sales- Aluminum: $4 million versus $4.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -60% change.
- Total Third-party sales: $2.60 billion compared to the $2.62 billion average estimate based on two analysts. The reported number represents a change of -9.2% year over year.
- Intersegment sales- Alumina: $381 million versus the two-analyst average estimate of $357.20 million. The reported number represents a year-over-year change of -8.9%.
- Third-party sales- Aluminum: $1.64 billion versus the two-analyst average estimate of $1.75 billion. The reported number represents a year-over-year change of -16.8%.
View all Key Company Metrics for Alcoa here>>>Shares of Alcoa have returned -2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Get the latest research report on AA - FREE