AA Stock Recent News

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation Executive Vice President and Chief Financial Officer Molly S. Beerman will participate in two investor conferences, engaging in question-and-answer sessions regarding Alcoa's business and outlook in the current market, including factors that could affect the present quarter's financial results. Jefferies 2024 Industrial Conference At 1:20 p.m. EDT on Thursday, September 5, 2024, Molly S. Beerman will participate in a live webcast session at the Jef.

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation completes acquisition of Alumina Limited.

The heavy selling pressure might have exhausted for Alcoa (AA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Stocks like Alcoa Corporation (AA), Apogee Enterprises, Inc. (APOG), Brady Corporation (BRC) and Cintas Corporation (CTAS) are likely to gain from the steady growth in manufacturing output.

Quite a few stocks stand out after exceeding Q2 earnings expectations this week with several sporting a Zacks Rank #2 (Buy) following their favorable quarterly reports.

B Riley Securities analyst Lucas Pipes maintains Alcoa Corporation AA with a Neutral rating, raising the price target from $39 to $43.

William Oplinger, CEO of Alcoa, sees "some strength" in demand from China and says that the second quarter for the market was "pretty positive".

Alcoa Corporation (NYSE:AA ) Q2 2024 Earnings Conference Call July 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 Carlos De Alba - Morgan Stanley Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research John Tumazos - John Tumazos Very Independent Research Timna Tanners - Wolfe Research Alex Hacking - Citi Lucas Pipes - B. Riley Operator Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2024 Earnings Presentation and Conference Call.

While the top- and bottom-line numbers for Alcoa (AA) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Alcoa (AA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.35 per share a year ago.