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Alcoa (AA)
NYSE:AA
Holding AA?
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Earnings Data
Report Date
Jan 15, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.93Last Year’s EPS
-$0.56Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: -9.84%
|Next Earnings Date:Jan 15, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance and strategic achievements, particularly in safety and alumina market positioning. However, challenges persist in the Aluminum segment and with the San Ciprian operations, balancing the overall outlook.Company Guidance
During Alcoa Corporation's Q3 2024 earnings call, key guidance metrics highlighted included a flat sequential revenue of $2.9 billion, with the Alumina segment seeing a 9% increase in third-party revenue due to higher realized prices, while the Aluminum segment experienced a 5% decline due to reduced shipments. Adjusted EBITDA rose by $130 million to $455 million, driven primarily by improved alumina pricing. The company reported a net income attributable to Alcoa of $90 million, up from $20 million in the prior quarter, resulting in an EPS of $0.38 per share, with adjusted net earnings at $135 million or $0.57 per share. Alcoa expects full-year alumina shipments to increase to between 12.9 and 13.1 million tons, with a projected $100 million cash tax savings over the next 12 to 18 months due to tax structure consolidation. The company has achieved $525 million of its $645 million savings target, with an expectation to meet the remaining savings through continued productivity and competitiveness efforts.Strong Safety Record
No fatal or serious injuries in the third quarter, with continued positive trends in safety performance.
Operational Excellence
Aluminum production increased for the eighth consecutive quarter, with year-to-date production records at Musin and Canadian smelters.
Successful Acquisition
Completed the acquisition of Alumina Limited, realizing benefits such as cash tax savings of approximately $100 million over the next 12 to 18 months.
Increased Alumina Revenue
Third-party revenue in the Alumina segment increased by 9% due to higher average realized prices.
Profitability Improvement
Adjusted EBITDA increased by $130 million to $455 million, and the company achieved $525 million of the $645 million savings target.
Positive Market Trends
Alumina prices reached their highest since 2018, driven by supply disruptions and strong demand.
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AA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $41.97 | $40.25 | -4.10% |
| Jul 17, 2024 | $36.60 | $35.45 | -3.14% |
| Apr 17, 2024 | $35.26 | $35.18 | -0.23% |
| Jan 17, 2024 | $26.86 | $26.44 | -1.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alcoa (AA) report earnings?
Alcoa (AA) is schdueled to report earning on Jan 15, 2025, TBA Not Confirmed.
What is Alcoa (AA) earnings time?
Alcoa (AA) earnings time is at Jan 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AA EPS forecast?
AA EPS forecast for the fiscal quarter 2024 (Q4) is $0.93.
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