The new earnings seasons kicks off tomorrow after the market closes when Alcoa Inc. (NYSE: AA) is scheduled to report first-quarter results.
Pittsburgh-based Alcoa has missed earnings estimates in only one quarter out of the past five. When the leading aluminum producer reported fourth-quarter results back in December, earnings of 36 cents per share beat the consensus of analysts surveyed by Thomson Financial by three cents, but were down from 74 cents per share in the same quarter of 2006. For this current quarter, analysts expect earnings of 50 cents per share.
Alcoa's full-year 2007 earnings per share of $2.60 missed estimates of $2.83, and were down from $2.96 for 2006. However, Alcoa also reported record revenue of $30.7 billion, as well as record income from continuing operations.
In March, Alcoa announced a quarterly common stock dividend of 17 cents per share, continuing a more than 60 year streak of quarterly dividends. In other recent news, former Merrill Lynch (NYSE: MER) CEO Stan O'Neal joined Alcoa's board of directors in January. Alcoa joined rival Aluminum Corp. of China (NYSE: ACH) in acquiring a stake in Rio Tinto (NYSE: RTP). And a lawsuit against Alcoa by the government of Bahrain was suspended by the U.S. Justice Department, which is conducting its own bribery investigation.
Alcoa's forecast earnings per share growth for the year is 9.85%, which is better than the industry average and the S&P 500. The consensus recommendation from analysts is to buy Alcoa, and has been for at least 90 days. The share price has been climbing from the 52-week low of $26.69 in January, and closed at $39.00 on Friday.
BloggingStocks contributor Sheldon Liber took a good look at Alcoa's prospects back in February. For other news that could influence Alcoa's results, see BloggingStocks' Alcoa coverage.











Reader Comments (Page 1 of 1)
4-06-2008 @ 4:52PM
gumby said...
Trey
Just dont waste your time analyzing ALCOA. Aluminium prices is too low to list, everyone is looting the store while shareholders are stratching heads.. aluminium prices should be same as copper historically. Copper went up 400% while aluminium languished due to the world oversupplies thanks to governement subsidies. Or we are not willing to put more aluminium in cars to boost gas mileage due to old equipments that are not desgined to deal with aluminium like stamping, bending, etc.. However there is a few international models that are completely made with aluminium on a cut & paste methods. Mass production of all aluiminium cars are possible , but nobody is biting because of limited smelter capacities. One ton of aluminium is produced for every 30 tons of steel so car makers still feel more comfortable with steel regardlessly. They prefer to load up cars with heavy hybrid mechanisms to make up for better gas mileage which cost more than all aluminium cars. All it takes is a bold decision to go all aluminium on cars or making rapid adaptions toward all aluminium cars . I can give you an easy example, we can use aluminium for pickup beds which is so easy to implement and it can shave hundreds of pounds off pickups. We are already making aluminium wheels and engines and hood covers. We must move to space frames made of aluiminium. We had been working on space frames for decades yet we havent begun mass production yet.. All I am interested in is increased consumption of aluminium in order to push aluiminium prices to right levels at around $3 a pound or higher. A loaf of bread cost $4 already so why still only $1.25 aluminium pound, It just doesnt make sense....All other metals already soared to new levels . Aluminium is the only one metal left besides lead still stuck in the ruts just because of maninpulaitve supply/demand balances that influences prices.. Everyone is avoiding aluminium at all costs and pushing consumption of energy up . They are not exactly thinking ahead and they are too broke to adapt toward alumniium with retoolngs that is required. They are just stupid shortsighted morons,
4-06-2008 @ 2:47PM
gumbo koontz said...
Trey
Just dont waste your time analyzing ALCOA. Aluminium prices is too low to list, everyone is looting the store while shareholders are stratching heads.. aluminium prices should be same as copper historically. Copper went up 400% while aluminium languished due to the world oversupplies thanks to governement subsidies. Or we are not willing to put more aluminium in cars to boost gas mileage due to old equipments that are not desgined to deal with aluminium like stamping, bending, etc.. However there is a few international models that are completely made with aluminium on a cut & paste methods. Mass production of all aluiminium cars are possible , but nobody is biting because of limited smelter capacities. One ton of aluminium is produced for every 30 tons of steel so car makers still feel more comfortable with steel regardlessly. They prefer to load up cars with heavy hybrid mechanisms to make up for better gas mileage which cost more than all aluminium cars. All it takes is a bold decision to go all aluminium on cars or making rapid adaptions toward all aluminium cars . I can give you an easy example, we can use aluminium for pickup beds which is so easy to implement and it can shave hundreds of pounds off pickups. We are already making aluminium wheels and engines and hood covers. We must move to space frames made of aluiminium. We had been working on space frames for decades yet we havent begun mass production yet.. All I am interested in is increased consumption of aluminium in order to push aluiminium prices to right levels at around $3 a pound or higher. A loaf of bread cost $4 already so why still only $1.25 aluminium pound, It just doesnt make sense....All other metals already soared to new levels . Aluminium is the only one metal left besides lead still stuck in the ruts just because of maninpulaitve supply/demand balances that influences prices.. Everyone is avoiding aluminium at all costs and pushing consumption of energy up . They are not exactly thinking ahead and they are too broke to adapt toward alumniium with retoolngs that is required. They are just stupid shortsighted morons,