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Here's What Key Metrics Tell Us About Alcoa (AA) Q1 Earnings
AlcoaAlcoa(US:AA) Zacks Investment Researchยท2024-04-18 00:31

Core Insights - Alcoa reported $2.6 billion in revenue for Q1 2024, a year-over-year decline of 2.7% and an EPS of -$0.81 compared to -$0.23 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate by 3.14%, while the EPS fell short by 30.65% [1] Performance Metrics - Bauxite production was 10.1 million tons, slightly below the estimate of 10.25 million tons [2] - Alumina production reached 2,670 thousand tons, exceeding the estimate of 2,649.65 thousand tons [2] - Aluminum production was 542 thousand tons, slightly below the estimate of 545.05 thousand tons [2] - Third-party bauxite shipments were 1,000 million tons, significantly below the estimate of 1,971.06 million tons, representing a -52.9% change year-over-year [2] - Third-party sales of alumina were $897 million, surpassing the estimate of $880.33 million, reflecting a +24.4% year-over-year change [2] - Third-party sales of aluminum were $1.64 billion, below the estimate of $1.71 billion, indicating a -9.5% change year-over-year [2] - Total intersegment sales were -$406 million, significantly below the estimate of $378.24 million, representing a -195.8% year-over-year change [2] - Intersegment sales of aluminum were $4 million, slightly below the estimate of $4.50 million, with a +33.3% year-over-year change [2] - Total third-party sales were $2.60 billion, slightly below the estimate of $2.63 billion, reflecting a -2.7% year-over-year change [2] - Intersegment sales of alumina were $395 million, exceeding the estimate of $373.74 million, with a -6.2% year-over-year change [2] Stock Performance - Alcoa shares returned +21.6% over the past month, outperforming the Zacks S&P 500 composite, which declined by -1.1% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]