CSTM - Arconic rises on eve of Q3 earnings

Arconic (NYSE:ARNC) is scheduled to announce Q3 earnings results on Tuesday, November 2nd, before market open. The consensus EPS Estimate is $0.58 and the consensus Revenue Estimate is $1.94B (+37.1% Y/Y). Over the last 1 year, ARNC has beaten EPS estimates 50% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 1 upward revision and 1 downward. The company's stock fell -2.34% on Aug. 3, the day it reported its Q2 results. The company reported a $427M loss for Q2, larger than the $96M loss in the same period last year, but raised full-year revenue guidance in light of the effects of increased metal prices. In October it was reported that Aluminum soared to a 13-year high as China's power shortages rise. Arconic's peers Constellium (NYSE:CSTM) and Kaiser Aluminum (NASDAQ:KALU) have already reported Q3 results.

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Arconic rises on eve of Q3 earnings