Alcoa Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Alcoa (NYSE:AA) will unveil its latest earnings on Tuesday, January 8, 2013. Alcoa is a global producer of aluminum. It is mainly engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. It is actively involved in a range of industries, including technology, mining, smelting, and recycling.

Alcoa Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 7 cents per share, up from net loss of 3 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 9 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 8 cents during the last month. Analysts are projecting profit to rise by 65.3% compared to last year’s 25 cents.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 3 cents per share versus a mean estimate of 0 cents. Two quarters ago, it reported net income of 6 cents per share.

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A Look Back: In the third quarter, the company swung to a loss of $143 million (13 cents a share) from a profit of $172 million (15 cents) a year earlier, but beat analyst expectations. Revenue fell 9.1% to $5.83 billion from $6.42 billion.