AA - Alcoa Earnings Preview: The Set Up Could Lead To A Selloff
2024-04-14 11:56:51 ET
Summary
- Alcoa is set to report Q1 earnings on April 17, with a consensus estimate of a loss of $0.50 per share.
- The stock has had a strong run recently, but it could be vulnerable to a selloff after earnings, even if they beat expectations.
- Alcoa shares jumped after hours on news of restrictions on Russian metal supplies, but the impact may be short-lived.
Alcoa Corp. ( AA ) is a major producer of bauxite and aluminum products, and it is headquartered in Pennsylvania. Major U.S. banks typically kick off the earnings season, and Alcoa is one of the first non-bank companies to release earnings. This company is set to report Q1 earnings on April 17, 2024, after the market closes. The consensus estimate is for a loss of $0.50, with revenues coming in at $2.52 billion. However, Earningswhispers.com is calling for a loss of just around $0.19 per share for the quarter, which would be a beat over the current consensus estimates. Let's take a closer look:...
Alcoa Earnings Preview: The Set Up Could Lead To A Selloff