Inside Alcoa, Inc.’s Upcoming Quarterly Earnings Release

S&P 500 (NYSE:SPY) component Alcoa, Inc. (NYSE:AA) will unveil its latest earnings on today, October 11, 2011. Alcoa is a global producer of aluminum. It is mainly engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined.

Alcoa, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 23 cents per share, a rise of more than twofold 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 33 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 30 cents during the last month. Analysts are projecting profit to rise by 100% versus last year to $1.10.

Past Earnings Performance: Last quarter, the company missed estimates by 2 cents, coming in at profit of 32 cents per share versus a mean estimate of net income of 34 cents per share. In the first quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 19.3% in revenue from the year-earlier quarter to $6.31 billion.

Analyst Ratings: Analysts are bullish on Alcoa as seven analysts rate it as a buy, two rate it as a sell and five rate it as a hold.

A Look Back: In the second quarter, profit rose more than twofold to $322 million (28 cents a share) from $136 million (13 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 27% to $6.58 billion from $5.19 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 21.9% in the first quarter from the year earlier, climbed 4% in the fourth quarter of the last fiscal year from the year-ago quarter and 14.6% in the third quarter of the last fiscal year.

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).

Stock Price Performance: During July 12, 2011 to October 10, 2011, the stock price had fallen $6.31 (-35.6%) from $15.68 to $10.09. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 7.6% (+$1.16) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 15.9% (-$1.91) over that span. Shares are down $5.30 (-34.4%) year to date.

(Source: Xignite Financials)

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