Having topped analysts' estimates last quarter by 14 cents per share, Alcoa is expected to deliver its latest earnings on Monday, July 9, 2012.
Expectations Analysts currently expect Alcoa to come in with earnings of 7 cents per share on revenues of $5.83 billion. Estimates range from -2 cents per share to 12 cents per share. Over the past two months, the average estimate has moved down from 12 cents.
Last Quarter's Results
In the first quarter, profit fell 69.5% to $94 million (9 cents a share) from $308 million (27 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.8% to $6.01 billion from $5.96 billion.
Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Recently, the stock price has been rising. Since June 25, 2012, the stock has risen 23 cents per share. Looking at change over the last three months, April 5, 2012 and July 2, 2012, the stock price fell $1.01 (-10.4%), from $9.63 to $8.62.
Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 27% in the second quarter of the last fiscal year, 21.4% in the third quarter of the last fiscal year and 6% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Reporting Period: 2Q
Date of Release: Monday, July 9, 2012
EPS: 7 cents
Revenue Estimate: $5.83 billion