For the quarter ended December 2023, Alcoa (AA - Free Report) reported revenue of $2.6 billion, down 2.6% over the same period last year. EPS came in at -$0.56, compared to -$0.70 in the year-ago quarter.
The reported revenue represents a surprise of -0.71% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being -$0.99, the EPS surprise was +43.43%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $344 versus the two-analyst average estimate of $336.19.
- Average realized third-party price per metric ton of aluminum: $2,678 versus the two-analyst average estimate of $2,626.81.
- Third-party alumina shipments in Tons: 2,259 Kmt versus 2,435.33 Kmt estimated by two analysts on average.
- Third-party aluminum shipments in Tons: 638 Kmt versus 637.48 Kmt estimated by two analysts on average.
- Total sales- Alumina: $1.35 billion versus $1.24 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
- Total sales- Aluminum: $1.69 billion compared to the $1.66 billion average estimate based on two analysts. The reported number represents a change of -8% year over year.
- Third-party sales- Bauxite: $124 million compared to the $95.50 million average estimate based on two analysts. The reported number represents a change of +82.4% year over year.
- Third-party sales- Alumina: $781 million versus $829.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
- Intersegment sales- Aluminum: $4 million compared to the $4.50 million average estimate based on two analysts. The reported number represents a change of +100% year over year.
- Total Third-party sales: $2.60 billion versus the two-analyst average estimate of $2.61 billion. The reported number represents a year-over-year change of -2.3%.
- Intersegment sales- Alumina: $449 million compared to the $341.31 million average estimate based on two analysts. The reported number represents a change of +4.7% year over year.
- Third-party sales- Aluminum: $1.68 billion compared to the $1.68 billion average estimate based on two analysts. The reported number represents a change of -8.1% year over year.
View all Key Company Metrics for Alcoa here>>>Shares of Alcoa have returned -14% over the past month versus the Zacks S&P 500 composite's +1.2% 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.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended December 2023, Alcoa (AA - Free Report) reported revenue of $2.6 billion, down 2.6% over the same period last year. EPS came in at -$0.56, compared to -$0.70 in the year-ago quarter.
The reported revenue represents a surprise of -0.71% over the Zacks Consensus Estimate of $2.61 billion. With the consensus EPS estimate being -$0.99, the EPS surprise was +43.43%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $344 versus the two-analyst average estimate of $336.19.
- Average realized third-party price per metric ton of aluminum: $2,678 versus the two-analyst average estimate of $2,626.81.
- Third-party alumina shipments in Tons: 2,259 Kmt versus 2,435.33 Kmt estimated by two analysts on average.
- Third-party aluminum shipments in Tons: 638 Kmt versus 637.48 Kmt estimated by two analysts on average.
- Total sales- Alumina: $1.35 billion versus $1.24 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.
- Total sales- Aluminum: $1.69 billion compared to the $1.66 billion average estimate based on two analysts. The reported number represents a change of -8% year over year.
- Third-party sales- Bauxite: $124 million compared to the $95.50 million average estimate based on two analysts. The reported number represents a change of +82.4% year over year.
- Third-party sales- Alumina: $781 million versus $829.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
- Intersegment sales- Aluminum: $4 million compared to the $4.50 million average estimate based on two analysts. The reported number represents a change of +100% year over year.
- Total Third-party sales: $2.60 billion versus the two-analyst average estimate of $2.61 billion. The reported number represents a year-over-year change of -2.3%.
- Intersegment sales- Alumina: $449 million compared to the $341.31 million average estimate based on two analysts. The reported number represents a change of +4.7% year over year.
- Third-party sales- Aluminum: $1.68 billion compared to the $1.68 billion average estimate based on two analysts. The reported number represents a change of -8.1% year over year.
View all Key Company Metrics for Alcoa here>>>Shares of Alcoa have returned -14% over the past month versus the Zacks S&P 500 composite's +1.2% 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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