Company Overview - Alcoa is set to announce its earnings on July 16, 2025, with consensus earnings estimated at approximately $0.51 per share and revenues projected to increase by nearly 2% year-over-year [2] - The company has a current market capitalization of $7.9 billion and reported revenue of $13 billion over the past twelve months, with operating profits of $1.6 billion and net income of $860 million [3] Earnings Expectations - The earnings expectations are influenced by tariff disruptions, mixed performance among business units, and uncertain aluminum demand, slightly offset by strong alumina margins and effective internal cost management [2] - The Alumina segment is expected to remain robust due to steady demand and advantageous cost structures, while the Aluminum segment faces challenges from elevated costs and weak global pricing [2] Historical Performance - Over the last five years, Alcoa has documented 19 earnings data points, with positive one-day (1D) returns observed approximately 32% of the time, which declines to 25% over the last three years [5] - The median of the six positive returns is 3.1%, while the median of the thirteen negative returns is -5.4% [5]

Core Viewpoint - Medtronic is expected to report earnings on May 21, 2025, with consensus estimates indicating earnings per share of $1.58 and revenues of $8.82 billion, showing growth compared to the previous year's earnings of $1.46 per share and revenues of $8.59 billion [2][3] Financial Performance - Medtronic has a market capitalization of $110 billion and generated $33 billion in revenue over the last twelve months, with an operating profit of $6.0 billion and a net income of $4.3 billion [3] Historical Earnings Trends - Over the past five years, Medtronic's stock has shown a favorable one-day return following earnings announcements in 53% of instances, with a median return of 2.5% and a maximum of 4.6% [1][8] - In the last three years, the percentage of positive one-day returns has declined to 42%, with the median of positive returns at 2.5% and negative returns at -4.5% [8] Trading Strategies - Traders can utilize historical trends to position themselves before and after earnings announcements, assessing the likelihood of positive or negative responses [7] - A strategy involves analyzing the correlation between short-term and medium-term returns post-earnings to inform trading decisions [5][6]