Alcoa (AA) reported $2.6 billion in income for the quarter ended March 2024, representing a year-over-year decline of two.7%. EPS of -$0.81 for a similar interval compares to -$0.23 a yr in the past.
The reported income represents a shock of +3.14% over the Zacks Consensus Estimate of $2.52 billion. With the consensus EPS estimate being -$0.62, the EPS shock was -30.65%.
Whereas traders intently watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders mission a inventory’s value efficiency extra precisely.
Right here is how Alcoa carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Road analysts:
- Bauxite manufacturing in Tons: 10.1 Mmt versus the two-analyst common estimate of 10.25 Mmt.
- Alumina manufacturing in Tons: 2,670 Kmt versus the two-analyst common estimate of two,649.65 Kmt.
- Aluminum manufacturing in Tons: 542 Kmt versus the two-analyst common estimate of 545.05 Kmt.
- Third-party bauxite shipments in Tons: 1,000 Mmt versus the two-analyst common estimate of 1,971.06 Mmt.
- Complete shipments – Alumina: 3,340 Kmt in comparison with the three,344.15 Kmt common estimate based mostly on two analysts.
- Third-party sales- Bauxite: $64 million versus $108.82 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -52.9% change.
- Third-party sales- Alumina: $897 million in comparison with the $880.33 million common estimate based mostly on two analysts. The reported quantity represents a change of +24.4% yr over yr.
- Third-party sales- Aluminum: $1.64 billion versus $1.71 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -9.5% change.
- Complete intersegment gross sales: -$406 million versus the two-analyst common estimate of $378.24 million. The reported quantity represents a year-over-year change of -195.8%.
- Intersegment sales- Aluminum: $4 million versus the two-analyst common estimate of $4.50 million. The reported quantity represents a year-over-year change of +33.3%.
- Complete Third-party gross sales: $2.60 billion versus the two-analyst common estimate of $2.63 billion. The reported quantity represents a year-over-year change of -2.7%.
- Intersegment sales- Alumina: $395 million versus the two-analyst common estimate of $373.74 million. The reported quantity represents a year-over-year change of -6.2%.
View all Key Company Metrics for Alcoa here>>>
Shares of Alcoa have returned +21.6% over the previous month versus the Zacks S&P 500 composite’s -1.1% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it may carry out in keeping with the broader market within the close to time period.
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