Alcoa (AA, $56.21) beats Q4 earnings expectations
Alcoa posted its fourth quarter results that surpassed analysts’ expectations.
The aluminum producer’s fourth-quarter loss widened to -$2.11 a share, compared with a loss of -2 cents a share in the year-ago period.
Adjusted earnings, which exclude stock-based compensation expenses and other items, came in at $2.50 a share, compared with 26 cents a share in the year-ago period. Analysts polled by FactSet expected $1.93 a share.
Revenue rose to $3.34 billion from $2.39 billion in the year-ago quarter. The figure is higher than $3.29 billion expected by the analysts.
Alcoa projects adjusted earnings for the first quarter similar to the fourth quarter based on current pricing, while analysts predicted adjusted earnings of $1.63 a share for the first quarter on revenue of $3.29 billion.
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Notable companies
The most notable companies in this group are Alcoa Corp (NYSE:AA).
Industry description
Aluminum is widely used in the industries like construction, packaging and automotive sector. The segment has seen increased demand for the lightweight variety in automobiles in improving fuel efficiency. The U.S. aluminum industry generates nearly $71 billion a year in direct economic impact (according to The Aluminum Association). Arconic, Inc, Alcoa Corp and Kaiser Aluminum Corporation are major aluminum companies in the U.S.
Market Cap
The average market capitalization across the Aluminum Industry is 6.52B. The market cap for tickers in the group ranges from 138.37K to 54.35B. DKIAF holds the highest valuation in this group at 54.35B. The lowest valued company is NORNQ at 138.37K.
High and low price notable news
The average weekly price growth across all stocks in the Aluminum Industry was -4%. For the same Industry, the average monthly price growth was -9%, and the average quarterly price growth was 10%. AWCMF experienced the highest price growth at 0%, while KALU experienced the biggest fall at -18%.
Volume
The average weekly volume growth across all stocks in the Aluminum Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was 105% and the average quarterly volume growth was 36%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 45
P/E Growth Rating: 55
Price Growth Rating: 65
SMR Rating: 68
Profit Risk Rating: 81
Seasonality Score: 19 (-100 ... +100)