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Will Strength in Aluminum Benefit Alcoa (AA) in Q1 Earnings?
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Alcoa Corporation (AA - Free Report) is set to release first-quarter 2022 results on Apr 20, after market close.
The company’s Aluminum segment is engaged in aluminum smelting and casting operations. It offers primary aluminum in the form of alloy ingot or value-add ingot to its customers across several sectors, including construction, wire, packaging, automobile and industrial.
Key Factors to Note
The Aluminum segment is anticipated to have benefited from strong production for aluminum, supported by higher price levels in the first quarter of 2022. Solid demand for aluminum products from its customers is likely to have been beneficial for the segment. Also, Alcoa’s efforts to offer new products and focus on improving operational efficiency and commercial effectiveness are anticipated to have aided the segment in the to-be-reported quarter.
An increase in demand for value-add products, a restart of the Bécancour smelter and growth investments are likely to have supported the segment’s performance. Also, the company’s cost-saving actions and supply-chain initiatives are likely to have been favorable in the quarter.
Higher raw materials and energy costs might have adversely impacted the segment’s margins. The divestment of its Warrick Rolling Mill facility is expected to have hurt the shipment volume, hurting its profitability.
For the first quarter of 2022, the Zacks Consensus Estimate Aluminum segment’s revenues is pegged at $2,847 million, suggesting growth of 38.9% from the year-ago quarter’s reported number but a 22.3% increase from the previous quarter’s figure. (Read more: Alcoa to Report Q1 Earnings: What’s in the Offing?)
Some stocks in the Zacks Industrial Products sector, which are also slated to report their results soon, are ABB Ltd , Roper Technologies, Inc. (ROP - Free Report) and A. O. Smith Corporation (AOS - Free Report) . ABB will release results on Apr 21, Roper on Apr 26 and A. O. Smith on Apr 28.
The Zacks Consensus Estimate for ABB’s earnings is pegged at 34 cents per share for the to-be-reported quarter. The Zacks Rank #3 (Hold) company’s shares have lost 15.8% in the past three months.
The Zacks Consensus Estimate for Roper’s earnings is pegged at $3.69 per share for the to-be-reported quarter. The Zacks Rank #2 (Buy) company’s shares have gained 3.5% in the past three months.
The Zacks Consensus Estimate for A. O. Smith’s earnings is pegged at 76 cents per share for the to-be-reported quarter. The Zacks Rank #3 stock’s shares have lost 21% in the past three months.
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Will Strength in Aluminum Benefit Alcoa (AA) in Q1 Earnings?
Alcoa Corporation (AA - Free Report) is set to release first-quarter 2022 results on Apr 20, after market close.
The company’s Aluminum segment is engaged in aluminum smelting and casting operations. It offers primary aluminum in the form of alloy ingot or value-add ingot to its customers across several sectors, including construction, wire, packaging, automobile and industrial.
Key Factors to Note
The Aluminum segment is anticipated to have benefited from strong production for aluminum, supported by higher price levels in the first quarter of 2022. Solid demand for aluminum products from its customers is likely to have been beneficial for the segment. Also, Alcoa’s efforts to offer new products and focus on improving operational efficiency and commercial effectiveness are anticipated to have aided the segment in the to-be-reported quarter.
An increase in demand for value-add products, a restart of the Bécancour smelter and growth investments are likely to have supported the segment’s performance. Also, the company’s cost-saving actions and supply-chain initiatives are likely to have been favorable in the quarter.
Higher raw materials and energy costs might have adversely impacted the segment’s margins. The divestment of its Warrick Rolling Mill facility is expected to have hurt the shipment volume, hurting its profitability.
For the first quarter of 2022, the Zacks Consensus Estimate Aluminum segment’s revenues is pegged at $2,847 million, suggesting growth of 38.9% from the year-ago quarter’s reported number but a 22.3% increase from the previous quarter’s figure. (Read more: Alcoa to Report Q1 Earnings: What’s in the Offing?)
Alcoa Price and EPS Surprise
Alcoa price-eps-surprise | Alcoa Quote
Zacks Rank & Other Upcoming Releases
Alcoa currently sports a Zacks Rank #1 (Strong Buy).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Some stocks in the Zacks Industrial Products sector, which are also slated to report their results soon, are ABB Ltd , Roper Technologies, Inc. (ROP - Free Report) and A. O. Smith Corporation (AOS - Free Report) . ABB will release results on Apr 21, Roper on Apr 26 and A. O. Smith on Apr 28.
The Zacks Consensus Estimate for ABB’s earnings is pegged at 34 cents per share for the to-be-reported quarter. The Zacks Rank #3 (Hold) company’s shares have lost 15.8% in the past three months.
The Zacks Consensus Estimate for Roper’s earnings is pegged at $3.69 per share for the to-be-reported quarter. The Zacks Rank #2 (Buy) company’s shares have gained 3.5% in the past three months.
The Zacks Consensus Estimate for A. O. Smith’s earnings is pegged at 76 cents per share for the to-be-reported quarter. The Zacks Rank #3 stock’s shares have lost 21% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.