Alcoa(US:AA) ZACKSยท2024-07-12 14:21Core Insights - Alcoa (AA) is expected to report a quarterly loss of $0.02 per share, a 94.3% increase in loss compared to the previous year, with revenues forecasted at $2.87 billion, reflecting a 7% year-over-year increase [1] - The consensus EPS estimate has been revised upward by 70.2% over the past 30 days, indicating a significant reassessment by analysts [1] Revenue and Sales Projections - Analysts project 'Total sales- Alumina' to be $1.37 billion, a 6% increase from the year-ago quarter [2] - 'Total sales- Aluminum' is expected to reach $1.92 billion, indicating a year-over-year change of +7.3% [2] - 'Third-party sales- Bauxite' is forecasted at $110.07 million, showing a decline of 2.6% year-over-year [2] Price and Shipment Estimates - The average realized third-party price per metric ton of alumina is projected at $382.24, up from $363 in the same quarter last year [3] - The average realized third-party price per metric ton of aluminum is expected to be $3,011.18, compared to $2,924 in the previous year [3] - 'Third-party alumina shipments' are estimated to reach 2,281.06 Kmt, an increase from 2,136 Kmt year-over-year [3] - 'Third-party aluminum shipments' are projected at 633.80 Kmt, up from 623 Kmt in the same period last year [3] Production Estimates - 'Alumina production' is expected to be 2,534.13 Kmt, slightly down from 2,559 Kmt in the same quarter last year [4] - 'Aluminum production' is forecasted at 545.52 Kmt, an increase from 523 Kmt year-over-year [4] - 'Bauxite production' is estimated at 10.10 Mmt, compared to 10 Mmt in the previous year [4] - 'Third-party bauxite shipments' are projected to be 1,732.62 Mmt, down from 1,800 Mmt year-over-year [4] Stock Performance - Alcoa shares have changed by +1.7% over the past month, compared to a +4.3% move in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 3 (Hold), indicating expected performance in line with the overall market [5]