Alcoa Inc March Earnings estimates report april 10 2012, Alcoa Inc earning forecast march 2012, Alcoa Inc earning report april 10 2012, Zacks alcoa earning prediction march 2012 : First-quarter earnings season kicks off next week with the release of Alcoa's results on Tuesday. The company's bottom-line results have suffered in recent quarters amid weakened demand in Europe, slumping aluminum prices and climbing raw-material costs, and analysts polled by Thomson Reuters expect Alcoa to post another loss. The top U.S. aluminum producer recently said it plans to cut alumina production by about 2% this year, in an effort to match output with its plans to reduce smelter capacity amid global overcapacity and slumping prices for the lightweight metal. Zacks Equity Research Alcoa Inc. Earnings Preview:
We believe that the company’s outlook depends on the uncertainties in the aluminum market. We are concerned about volatile prices of aluminum and rising raw material costs.
Alcoa also faces stiff competition from Aluminum Corporation of China Limited (ACH), Rio Tinto plc. (RIO) and BHP Billiton Ltd. (BHP). In view of the above stated reasons, the company retains a Zacks #3 Rank, indicating a short-term (1 to 3 months) “Hold” rating and we have a long-term (more than 6 months) “Neutral” recommendation on the stock.
Alcoa Inc.(AA) is scheduled to report its first-quarter 2012 results after the market closes on Tuesday, April 10. The Zacks Consensus Estimate for the quarter is a loss of 4 cents per share, representing a significant year over year decrease of 112.5%.
With respect to earnings surprises, the company missed the Zacks Consensus Estimate in three of the trailing four quarters while exceeding in one of the quarters. This is reflected in the average earnings surprise of -109.64%.
Analyst Estimates
Earnings date: April 10 2012
Avg. Estimate -0.04
Low Estimate -0.12
High Estimate 0.07
ear Ago EPS 0.28
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