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.Furthermore, here’s a look at two of these buy-rated stocks that investors shouldn’t overlook after beating EPS estimates on Wednesday.Alcoa (AA) Integrated aluminum producer and bauxite miner Alcoa is appealing among the industrial products sector after Q2 EPS of $0.16 comfortably topped estimates of $0.11 per share. More importantly, this c ...

Loading...Loading...B Riley Securities analyst Lucas Pipes maintains Alcoa Corporation AA with a Neutral rating, raising the price target from $39 to $43.According to the analyst, Alcoa is highly focused on closing the Alumina Limited acquisition immediately, which appears to be comfortably on pace for the August 1 target.For the operating footprint, the company has made strides in its profitability improvement program, with a $350 million run-rate achieved to date and $295 million left to achieve over the ...

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 Resear ...

For the quarter ended June 2024, Alcoa (AA) reported revenue of $2.91 billion, up 8.3% over the same period last year. EPS came in at $0.16, compared to -$0.35 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.96 billion, representing a surprise of -1.92%. The company delivered an EPS surprise of +45.45%, with the consensus EPS estimate being $0.11.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

2 nd Quarter Earnings Alcoa Corporation July 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 ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.45%. A quarter ago, it was expected that this bauxite, alumina and aluminum products company would post a loss of $0.62 per share when it actually produced a loss of $0.81, delivering a surprise of -30.65%.Over the last four qu ...

Exhibit 99.1 Alcoa Corporation Releases Preliminary Second Quarter 2024 Results PITTSBURGH--(BUSINESS WIRE)--July 10, 2024--Alcoa Corporation (NYSE: AA) today released preliminary second quarter 2024 results ahead of its Special Meeting of Stockholders to be held on July 16, 2024 in connection with its announced acquisition of Alumina Limited. The preliminary results include sequential increases in revenue, net income, adjusted net income and Adjusted EBITDA excluding special items on higher alumina and alu ...

Pre-market futures are down this morning. This does not appear to be as a result of any releases ahead of the open, but as sort of a mass realization that markets have climbed historically high over the past few weeks — even the Dow hit an all-time closing high yesterday — and another round of profit-taking seems to be in order. The Dow is down -120 points at this hour, the S&P 500 is -56 points, the Nasdaq is down a significant -300 and the small-cap Russell 2000 is -17. To be clear, we’re not seeing anyth ...

Loading...Loading...Alcoa Corporation AA will release its second quarter financial results, after the closing bell on Wednesday, July 17.Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at 6 cents per share, versus a year-ago loss of 35 cents per share in the year-ago period. Alcoa is expected to post revenue of $2.84 billion, compared to $2.69 billion a year earlier, according to data from Benzinga Pro.On Tuesday, Alcoa announced stockholder approval related to propos ...

Alcoa (AA) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it hard ...