ALCOA Inc. (AA)

[ogbull]

Most recently for the quarter ending on 2015-06-30, Alcoa Inc. (NYSE:AA) posted a surprise factor of -17.39%. The company reported actual earnings of $0.19 which was $-0.04 away from what analysts were projecting on a consensus basis.

Alcoa Inc. (NYSE:AA) is scheduled to next report earnings for the current quarter on 2015-10-08. Analysts are expecting earnings per share of $0.27. This is based on the 11 sell-side brokerages polled by Zacks Research. Institutional and retail investors alike will be paying close attention to the analyst estimate revisions leading up to the earnings announcement date.

Analyst Price Target

Wall Street brokerage analysts covering the company are projecting the stock to go to $14.09 on a short term basis. This is the consensus estimate from the 11 sell-side firms included in the Zacks consensus number. The firm seeing the most upside to the stock has a target of 18, while the most conservative price target sees the stock reaching $10.

Using Zacks simplified scale, the stock has a mean rating of 2.32. This is the mean calculation of the 2.32 ratings surveyed by Zacks, where 1 represents a Strong Buy and 5 represents a Strong Sell. Three months ago the stock had a 2.32 rating.

Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling. Alcoa’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa is a global company operating in 31 countries. Alcoa’s operations consist of four worldwide reportable segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. On March 9, 2011, Alcoa completed an acquisition of the aerospace fastener business of TransDigm Group Inc.