Alcoa Corp Earnings Estimate

AA
 Stock
  

USD 49.52  1.67  3.49%   

Many public companies, such as Alcoa Corp, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Alcoa Corp's earnings estimates, investors can diagnose different trends across Alcoa Corp's analyst sentiment over time as well as compare current estimates against different timeframes.
Alcoa Corp is projected to generate 6.26 in earnings per share on the 31st of December 2021. Alcoa Corp earnings estimates module stress-tests analyst consensus about projected Alcoa Corp EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Please continue to Trending Equities.
  
The current year Profit Margin is expected to grow to 0.0378, whereas Gross Profit is forecasted to decline to about 2.9 B.

Alcoa Corp Earnings Estimation Breakdown

Calculation of earning per share of Alcoa Corp is based on official Zacks consensus of 4 analysts regarding Alcoa Corp future annual earnings. Given the historical accuracy of 75.24%, the future earnings per share of Alcoa Corp is estimated to be 6.26 with the lowest and highest values of 6.06 and 6.39, respectively. Please note that this consensus of annual earnings estimates for Alcoa Corp is an estimate of EPS before non-recurring items and including employee stock options expenses
  Current EPS 5.14
6.06
Lowest
Expected EPS 6.26
6.39
Highest

Alcoa Corp Earnings Projection Consensus

Suppose the current estimates of Alcoa Corp's value are higher than the current market price of the Alcoa Corp stock. In this case, investors may conclude that Alcoa Corp is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Alcoa Corp's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyCurrent EPSEPS Estimate for 31st of December 2021

4

75.24%

5.14

6.26

Alcoa Corp Earnings History

Earnings estimate consensus by Alcoa Corp analysts from Wall Street is used by the market to judge Alcoa Corp's stock performance. The investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Alcoa Corp's upcoming profit reports and earnings-per-share forecasts but also compare them to our different valuation methods.

Alcoa Corp Quarterly Earnings Before Interest Taxes and Depreciation Amortization EBITDA

974 Million

Alcoa Corp Earning Before Interest and Taxes EBIT is projected to increase significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 1.25 Billion. The current year Earnings per Basic Share is expected to grow to 2.48, whereas Accumulated Retained Earnings Deficit are forecasted to decline to (323.3 M). The current year Weighted Average Shares is expected to grow to about 205.7 M, whereas Weighted Average Shares Diluted is forecasted to decline to about 178.6 M.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alcoa Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alcoa Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
45.8849.5153.14
Details
Intrinsic
Valuation
LowReal ValueHigh
49.5153.1456.77
Details
7 Analysts
Consensus
LowTarget PriceHigh
52.0061.6275.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alcoa Corp. Your research has to be compared to or analyzed against Alcoa Corp's peers to derive any actionable benefits. When done correctly, Alcoa Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alcoa Corp.
Note that many institutional investors and large investment bankers can move markets due to the volume of Alcoa assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Alcoa Corp. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Alcoa stock price in the short term.

Alcoa Corp Earnings per Share Projection vs Actual

Actual Earning per Share of Alcoa Corp refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Alcoa Corp predict the company's earnings will be in the future. The higher the earnings per share of Alcoa Corp, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Alcoa Corp Estimated Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Alcoa Corp, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Alcoa Corp should always be considered in relation to other companies to make a more educated investment decision.

Alcoa Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Alcoa Corp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2022-07-20
2022-06-302.312.670.3615 
2022-04-20
2022-03-312.933.060.13
2022-01-19
2021-12-311.92.50.631 
2021-10-14
2021-09-301.82.050.2513 
2021-07-15
2021-06-301.371.490.12
2021-04-15
2021-03-310.460.790.3371 
2021-01-20
2020-12-310.110.260.15136 
2020-10-14
2020-09-30-1.38-1.170.2115 
2020-07-15
2020-06-30-0.38-0.020.3694 
2020-04-22
2020-03-31-0.24-0.230.01
2020-01-15
2019-12-31-0.22-0.31-0.0940 
2019-10-16
2019-09-30-0.33-0.44-0.1133 
2019-07-17
2019-06-30-0.13-0.010.1292 
2019-04-17
2019-03-31-0.13-0.23-0.176 
2019-01-16
2018-12-310.50.660.1632 
2018-10-17
2018-09-300.360.630.2775 
2018-07-18
2018-06-301.321.520.215 
2018-04-18
2018-03-310.70.770.0710 
2018-01-17
2017-12-311.221.04-0.1814 
2017-10-18
2017-09-300.770.72-0.05
2017-07-19
2017-06-300.60.620.02
2017-04-24
2017-03-310.530.630.118 
2017-01-24
2016-12-310.20.14-0.0630 
2016-11-01
2016-09-300.040.02-0.0250 
2016-07-12
2016-06-30None0.7965None
2016-04-12
2016-03-31None-0.0137None
2016-01-12
2015-12-31None-3.5516None
2015-10-09
2015-09-30None0.1808None
2015-07-09
2015-06-30None0.8949None
2015-04-09
2015-03-31None1.294None
2015-01-13
2014-12-31None1.035None
2014-10-09
2014-09-30None1.1129None
2014-07-09
2014-06-30None1.0446None
2014-04-09
2014-03-31None-1.4632None
2014-01-10
2013-12-31None-19.6702None
2013-10-09
2013-09-30None0.1918None
2013-07-09
2013-06-30None-1.0019None
2013-04-09
2013-03-31None1.201None
2013-01-09
2012-12-31None1.8654None
2012-10-10
2012-09-30None-1.2146None
2012-07-10
2012-06-30None-0.0169None
2012-04-11
2012-03-31None0.7809None
2012-01-10
2011-12-31None-1.5389None
2011-04-12
2011-03-31None2.451None
2011-01-11
2010-12-31None2.2632None
2010-10-08
2010-09-30None0.5258None
2010-07-13
2010-06-30None1.0877None
2010-04-13
2010-03-31None-1.8054None
2010-01-12
2009-12-31None-2.5586None
2009-10-08
2009-09-30None0.6994None
2009-07-09
2009-06-30None-4.1951None
2009-04-08
2009-03-31None-5.4859None
2009-01-13
2008-12-31None-13.3934None
2008-10-08
2008-09-30None2.9595None
2008-07-09
2008-06-30None5.9564None
2008-04-08
2008-03-31None3.3055None
2008-01-10
2007-12-31None6.7247None
2007-10-10
2007-09-30None5.6891None
2007-07-10
2007-06-30None7.2775None
2007-01-09
2006-12-31None3.7131None
2006-10-10
2006-09-30None5.5361None
2006-07-10
2006-06-30None7.6249None
2006-04-10
2006-03-31None6.2466None
2006-01-09
2005-12-31None2.3062None
2005-10-10
2005-09-30None2.9658None
2005-07-07
2005-06-30None4.7153None
2005-04-06
2005-03-31None2.6621None
2005-01-10
2004-12-31None2.749None
2004-10-07
2004-09-30None3.0582None
2004-07-08
2004-06-30None4.146None
2004-04-07
2004-03-31None3.6348None
2004-02-10
2003-12-31None3.0035None
2003-10-07
2003-09-30None2.9232None
2003-07-08
2003-06-30None2.2952None
2003-04-04
2003-03-31None1.6064None
2003-01-08
2002-12-31None-1.5357None
2002-10-04
2002-09-30None2.0401None
2002-07-08
2002-06-30None2.4507None
2002-04-05
2002-03-31None2.2974None
2002-01-08
2001-12-31None-1.4747None
2001-10-04
2001-09-30None3.5208None
2001-07-06
2001-06-30None3.1686None
2001-04-05
2001-03-31None4.1602None
2001-01-08
2000-12-31None3.9617None
2000-10-05
2000-09-30None3.7792None
2000-06-30
2000-06-30None4.2149None
2000-03-31
2000-03-31None4.2909None
1999-12-31
1999-12-31None3.9964None
1999-09-30
1999-09-30None3.1015None
1999-06-30
1999-06-30None2.9026None
1999-03-31
1999-03-31None2.6844None
1998-12-31
1998-12-31None2.7669None
1998-09-30
1998-09-30None2.7304None
1998-06-30
1998-06-30None2.7886None
1998-03-31
1998-03-31None2.7894None

About Alcoa Corp Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Alcoa Corp earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Alcoa Corp estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Alcoa Corp fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2022
Accumulated Retained Earnings Deficit-315 M-323.3 M
Earning Before Interest and Taxes EBIT1.3 B1.4 B
Earnings per Basic Share 2.30  2.48 
Earnings per Diluted Share 2.26  2.44 
Price to Earnings Ratio 25.90  27.95 
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.9 B2.1 B
Earnings before Tax1.1 B1.1 B
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania. Alcoa Corp operates under Aluminum classification in the United States and is traded on New York Stock Exchange. It employs 12200 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alcoa Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Suggestion Now

   

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios
All  Next Launch Module

Pair Trading with Alcoa Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alcoa Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alcoa Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alcoa Corp

0.93CENXCentury Aluminum C Earnings Call  TomorrowPairCorr
0.89AMRAlpha Metallurgical Earnings Call  TodayPairCorr
The ability to find closely correlated positions to Alcoa Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alcoa Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alcoa Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alcoa Corp to buy it.
The correlation of Alcoa Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alcoa Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alcoa Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Alcoa Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Trending Equities. Note that the Alcoa Corp information on this page should be used as a complementary analysis to other Alcoa Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Alcoa Stock analysis

When running Alcoa Corp price analysis, check to measure Alcoa Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alcoa Corp is operating at the current time. Most of Alcoa Corp's value examination focuses on studying past and present price action to predict the probability of Alcoa Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alcoa Corp's price. Additionally, you may evaluate how the addition of Alcoa Corp to your portfolios can decrease your overall portfolio volatility.
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
ETF Directory
Find actively traded Exchange Traded Funds (ETF) from around the world
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Go
Global Correlations
Find global opportunities by holding instruments from different markets
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Is Alcoa Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alcoa Corp. If investors know Alcoa will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alcoa Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.81
Market Capitalization
8.9 B
Quarterly Revenue Growth YOY
0.29
Return On Assets
0.12
Return On Equity
0.19
The market value of Alcoa Corp is measured differently than its book value, which is the value of Alcoa that is recorded on the company's balance sheet. Investors also form their own opinion of Alcoa Corp's value that differs from its market value or its book value, called intrinsic value, which is Alcoa Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alcoa Corp's market value can be influenced by many factors that don't directly affect Alcoa Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alcoa Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Alcoa Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alcoa Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.