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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:


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