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Exploring Analyst Estimates for Alcoa (AA) Q3 Earnings, Beyond Revenue and EPS
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In its upcoming report, Alcoa (AA - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.65 per share, reflecting an increase of 8350% compared to the same period last year. Revenues are forecasted to be $3.61 billion, representing a year-over-year increase of 20.7%.
The consensus EPS estimate for the quarter has undergone an upward revision of 10.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Alcoa metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Total sales- Aluminum' at $3.08 billion. The estimate points to a change of +50.7% from the year-ago quarter.
Analysts forecast 'Total sales- Alumina' to reach $1.14 billion. The estimate indicates a change of -19.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Third-party sales- Aluminum' should come in at $3.16 billion. The estimate indicates a year-over-year change of +55%.
The collective assessment of analysts points to an estimated 'Third-party sales- Alumina' of $599.38 million. The estimate indicates a year-over-year change of -28.7%.
The consensus estimate for 'Average realized third-party price per metric ton of alumina' stands at $345.67 . The estimate is in contrast to the year-ago figure of $377.00 .
It is projected by analysts that the 'Average realized third-party price per metric ton of aluminum' will reach $4649.36 . The estimate compares to the year-ago value of $3374.00 .
Analysts predict that the 'Average cost per metric ton of aluminum shipped' will reach $2475.13 . The estimate compares to the year-ago value of $2441.00 .
Analysts' assessment points toward 'Third-party alumina shipments in Tons' reaching 1768 thousands metric tons. Compared to the current estimate, the company reported 2205 thousands metric tons in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Alumina production in Tons' should arrive at 2444 thousands metric tons. The estimate compares to the year-ago value of 2453 thousands metric tons.
Analysts expect 'Aluminum production in Tons' to come in at 629 thousands metric tons. Compared to the present estimate, the company reported 579 thousands metric tons in the same quarter last year.
The consensus among analysts is that 'Bauxite production in Tons' will reach 9 millions of metric ton. The estimate is in contrast to the year-ago figure of 9 millions of metric ton.
The combined assessment of analysts suggests that 'Intersegment Alumina Shipments' will likely reach 1181 thousands metric tons. Compared to the current estimate, the company reported 1112 thousands metric tons in the same quarter of the previous year.
Alcoa shares have witnessed a change of -12.6% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), AA is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Exploring Analyst Estimates for Alcoa (AA) Q3 Earnings, Beyond Revenue and EPS
In its upcoming report, Alcoa (AA - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.65 per share, reflecting an increase of 8350% compared to the same period last year. Revenues are forecasted to be $3.61 billion, representing a year-over-year increase of 20.7%.
The consensus EPS estimate for the quarter has undergone an upward revision of 10.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Alcoa metrics that are commonly monitored and projected by Wall Street analysts.
The average prediction of analysts places 'Total sales- Aluminum' at $3.08 billion. The estimate points to a change of +50.7% from the year-ago quarter.
Analysts forecast 'Total sales- Alumina' to reach $1.14 billion. The estimate indicates a change of -19.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Third-party sales- Aluminum' should come in at $3.16 billion. The estimate indicates a year-over-year change of +55%.
The collective assessment of analysts points to an estimated 'Third-party sales- Alumina' of $599.38 million. The estimate indicates a year-over-year change of -28.7%.
The consensus estimate for 'Average realized third-party price per metric ton of alumina' stands at $345.67 . The estimate is in contrast to the year-ago figure of $377.00 .
It is projected by analysts that the 'Average realized third-party price per metric ton of aluminum' will reach $4649.36 . The estimate compares to the year-ago value of $3374.00 .
Analysts predict that the 'Average cost per metric ton of aluminum shipped' will reach $2475.13 . The estimate compares to the year-ago value of $2441.00 .
Analysts' assessment points toward 'Third-party alumina shipments in Tons' reaching 1768 thousands metric tons. Compared to the current estimate, the company reported 2205 thousands metric tons in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Alumina production in Tons' should arrive at 2444 thousands metric tons. The estimate compares to the year-ago value of 2453 thousands metric tons.
Analysts expect 'Aluminum production in Tons' to come in at 629 thousands metric tons. Compared to the present estimate, the company reported 579 thousands metric tons in the same quarter last year.
The consensus among analysts is that 'Bauxite production in Tons' will reach 9 millions of metric ton. The estimate is in contrast to the year-ago figure of 9 millions of metric ton.
The combined assessment of analysts suggests that 'Intersegment Alumina Shipments' will likely reach 1181 thousands metric tons. Compared to the current estimate, the company reported 1112 thousands metric tons in the same quarter of the previous year.
View all Key Company Metrics for Alcoa here>>>Alcoa shares have witnessed a change of -12.6% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), AA is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .