Alcoa and Schnitzer Steel Evaluated By Investors Ahead 2012 Earnings Season

Alcoa, Inc. (NYSE:AA) will unveil its latest earnings on Monday, January 9, 2012. The average estimate of analysts is for net income of 5 cents per share, a decline of 76.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 8 cents during the last month. For the year, analysts are projecting profit of 79 cents per share, a rise of 43.6% from last year.

The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 14 cents per share against an estimate of profit of 22 cents per share. The quarter before that, it missed expectations by 2 cents. On average, analysts predict $5.79 billion in revenue this quarter, a rise of 2.5% from the year ago quarter. Analysts are forecasting total revenue of $24.7 billion for the year, a rise of 17.6% from last year’s revenue of $21.01 billion.

Competitors to Watch: Aluminum Corp. of China Ltd. (NYSE:ACH),  Kaiser Aluminum Corp. (NASDAQ:KALU), Alumina Limited (NYSE:AWC), Noranda Aluminum Holding Corp. (NYSE:NOR), Century Aluminum Company (NASDAQ:CENX), AK Steel Holding Corp. (NYSE:AKS), Nucor Corporation (NYSE:NUE), United States Steel Corp. (NYSE:X), Arcelor Mittal (NYSE:MT) and POSCO (NYSE:PKX).

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) will unveil its latest earnings on Monday, January 9, 2012.

The average estimate of analysts is for net income of 23 cents per share, a decline of 64.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 95 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 13.9% versus last year to $3.65.

Last quarter, the company came in at profit of $1.33 per share against a mean estimate of net income of $1.22 per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 2 cents.

Analysts are projecting a rise of 17.1% in revenue from the year-earlier quarter to $790.3 million. Analysts are bullish on Schnitzer Steel Industries as four analysts rate it as a buy, two rate it as a sell and three rate it as a hold.

Competitors to Watch: Sims Metal Management Ltd (NYSE:SMS), Commercial Metals Company (NYSE:CMC), Steel Dynamics, Inc. (NASDAQ:STLD), Nucor Corporation (NYSE:NUE), Metalico, Inc. (AMEX:MEA), Worthington Industries, Inc. (NYSE:WOR), AK Steel Holding Corp. (NYSE:AKS), Titanium Metals Corp. (NYSE:TIE), Grupo Simec S.A.B. de C.V. (AMEX:SIM), and United States Steel Corp. (NYSE:X).