Alcoa (NYSE: AA ) is expected to report Q3 earnings on Oct. 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Alcoa's revenues will decrease -13.2% and EPS will wane -92.9%.
The average estimate for revenue is $5.57 billion. On the bottom line, the average EPS estimate is $0.01.
Last quarter, Alcoa tallied revenue of $5.96 billion. GAAP reported sales were 9.4% lower than the prior-year quarter's $6.59 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.06. GAAP EPS dropped to zero from the prior-year quarter's $0.28.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 14.3%, 600 basis points worse than the prior-year quarter. Operating margin was 3.3%, 680 basis points worse than the prior-year quarter. Net margin was 0.0%, 490 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $23.27 billion. The average EPS estimate is $0.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 3,426 members out of 3,657 rating the stock outperform, and 231 members rating it underperform. Among 696 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 649 give Alcoa a green thumbs-up, and 47 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Alcoa is hold, with an average price target of $11.61.
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