Alcoa (NYSE:AA) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-16. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Alcoa will report an earnings per share (EPS) of $0.37.
Anticipation surrounds Alcoa's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Overview of Past Earnings
During the last quarter, the company reported an EPS beat by $0.08, leading to a 3.15% drop in the share price on the subsequent day.
Analyst Opinions on Alcoa
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Alcoa.
A total of 10 analyst ratings have been received for Alcoa, with the consensus rating being Neutral. The average one-year price target stands at $41.2, suggesting a potential 1.44% downside.
Comparing Ratings with Competitors
The following analysis focuses on the analyst ratings and average 1-year price targets of Anglogold Ashanti, Royal Gold and United States Steel, three prominent industry players, providing insights into their relative performance expectations and market positioning.
Anglogold Ashanti is maintaining an Outperform ...
