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Recently, Zacks.com users have been paying close attention to Alcoa (AA). This makes it worthwhile to examine what the stock has in store.
Alcoa Corp (NYSE:AA) stock is up 1.7% to trade at $35.86 this morning, after Morgan Stanley issued an upgrade to "equal weight" from "underweight," to go with a price-target hike to $36.50 from $28.50.
Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel.
Alcoa's (AA) 1Q adjusted EPS came in at -$0.81 and revenue came in at $2.60B. EVP and CFO Molly Beerman joins Diane King Hall to give an overview of the company and discuss its recent earnings.
A new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets forward but also the current administration's attempt to onshore some global steel and aluminum manufacturing jobs.
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
The headline numbers for Alcoa (AA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Alcoa Corporation (NYSE:AA ) Q1 2024 Earnings Conference Call April 17, 2024 5:00 PM ET Company Participants James Dwyer - Vice President, Investor Relations & Pension Investments William Oplinger - President & Chief Executive Officer Molly Beerman - Executive Vice President & Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Chris LaFemina - Jefferies Alex Hacking - Citi Lawson Winder - Bank of America Bill Peterson - JPMorgan Timna Tanners - Wolfe Research Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research John Tumazos - John Tumazos Very Independent Research Operator Good afternoon, and welcome to the Alcoa Corporation First Quarter 2024 Earnings Presentation and Conference Call.
Alcoa AA posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.
Alcoa (AA) came out with a quarterly loss of $0.81 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $0.23 per share a year ago.