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Stock Market & Financial Investment News

News Breaks
January 6, 2012
11:07 EDTAAEarnings Preview: Alcoa shares fall ahead of Q4 earnings report
Alcoa’s (AA) earnings report will unofficially kick off the Q4 earnings season on Monday, January 9 after the market close, with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of 1c on revenue of $5.78B. The consensus range is (7c)-17c for EPS, and $5.46B-$6.16B for revenue, according to First Call. Alcoa posted mixed results in Q3, missing EPS but beating revenue estimates. On its Q3 earnings conference call, management said market fundamentals were holding up “relatively good” and they were “cautiously optimistic” on the aluminum market short term. They cited productivity improvements, but mentioned those were being offset by slow market conditions. On a negative note, both Jefferies and UBS lowered their Q4 EPS estimates in December, citing reduced aluminum prices and rising costs. The stock has traded slightly lower since Q3 results were released, falling approximately 9% from $10 to a recent $9.11. Mixed Q3 earnings, higher commodity costs, and uncertainty in Europe have contributed to the decline. It’s worth noting that twice in December, the shares bounced off their 12-month low of $8.45, and are down nearly 50% from their 52-week high of $18.47. As such, a wealth of bad news has been priced into the stock.
News For AA From The Last 14 Days
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May 11, 2015
19:01 EDTAAAlcoa to close Anglesea Power Station
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07:23 EDTAABofA/Merrill to hold a conference
Global Metals, Mining & Steel Conference is being held in Barcelona, Spain on May 11-14.

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