Alcoa Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Alcoa (NYSE:AA)

Core Insights - Alcoa Corporation is expected to report a quarterly loss of 5 cents per share for Q3, a significant decline from a profit of 57 cents per share in the same period last year [1] - The consensus estimate for Alcoa's quarterly revenue is projected at $3.13 billion, an increase from $2.9 billion a year earlier [1] - The company announced the closure of the Kwinana Refinery on September 29 [1] Stock Performance - Alcoa shares fell by 4.4%, closing at $37.23 on Tuesday [2] Analyst Ratings - Morgan Stanley analyst Carlos De Alba maintained an Overweight rating and raised the price target from $38 to $42.5 [4] - Wells Fargo analyst Timna Tanners initiated coverage with an Overweight rating and a price target of $40 [4] - B. Riley Securities analyst Nick Giles maintained a Buy rating and increased the price target from $38 to $40 [4] - UBS analyst Daniel Major maintained a Neutral rating and raised the price target from $31 to $34 [4] - B of A Securities analyst Lawson Winder maintained an Underperform rating and increased the price target from $26 to $27 [4]