Key PointsDespite recent disappointing economic data, the metals sector is quickly becoming a breakout story. Regarding stock selection, investors should keep double-digit EPS growth front and center. Three stocks stand out with their bullish price action and EPS projections justifying their premium valuations.5 stocks we like better than AlcoaThe U.S. economy is pivoting into a new path for the year. After briefly jumping into its first expansionary reading in more than a year and a half, the ISM manufactu ...

For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to _____ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-37816 ALCOA CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of ...

Alcoa (AA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this bauxite, alumina and aluminum products company have returned +10.7% over the past month versus the Zacks S&P 500 composite's -2.5% change. The Zacks Metal Products - Distribution industry, to which Alcoa belongs, has gained 5.4% over this period. Now the key question is: Where could the stock be headed in ...

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. The analyst in coverage praised  the aluminum producer's risk-reward backdrop, profitability, and potential upside stemming from the Inflation Reduction Act. Alcoa stock has spent most of April trading in a tight range, with its 20-day moving average containing any serious pullbacks. If the shares can ever ge ...

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. In a move intended to safeguard domestic steel and shipbuilding interests from Chinese competitors, Biden is planning to triple the tariffs levied against steel and aluminum imported from China. He recently traveled to Pittsburgh and spoke at the United Steelworkers headquarters, laying out his plans for spurring ...

Key PointsAs China tariffs are proposed, the U.S. government is looking to onshore some steel and aluminum manufacturing stocks. Wall Street is well aware of a new manufacturing breakout in the economy. Three stocks stand out as top picks, with analysts and institutions behind them.5 stocks we like better than Industrial Select Sector SPDR FundA 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 f ...

Alcoa (AA) reported $2.6 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.7%. EPS of -$0.81 for the same period compares to -$0.23 a year ago.The reported revenue represents a surprise of +3.14% over the Zacks Consensus Estimate of $2.52 billion. With the consensus EPS estimate being -$0.62, the EPS surprise was -30.65%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...

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 ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.65%. A quarter ago, it was expected that this bauxite, alumina and aluminum products company would post a loss of $0.99 per share when it actually produced a loss of $0.56, delivering a surprise of 43.43%.Over the last four quarte ...

1st Quarter Earnings Alcoa Corporation April 17, 2024 1 Cautionary Statement regarding Forward-Looking Statements This presentation contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "aims," "ambition," "anticipates," "believes," "could," "develop," "endeavors," "estimates," "expects," "forecasts," "goal ...