AA Earnings Prediction
The chart below shows how AA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AA sees a +1.15% change in stock price 10 days leading up to the earnings, and a -3.50% change 10 days following the report. On the earnings day itself, the stock moves by -2.16%. This data can give you a slight idea of what to expect for the next quarter's release.
AA Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.90B
11.61%
-0.07%
Gross Margin
12.12%
1153.91%
67.63%
Operating Margin
9.30%
354.79%
111.36%
Net Margin
3.37%
145.42%
214.95%
EPS
0.38
140.43%
245.45%
No Data Available
AA Earnings Analysis
Alcoa Corp Corporation (AA.N) Earnings Conference Call
Positive
Net Income Surge: Alcoa reported a net income attributable to the company of $90 million for Q3 2024, a significant increase from $20 million in the previous quarter, demonstrating strong financial performance.
Adjusted EBITDA Increase: Adjusted EBITDA rose by $130 million to $455 million in Q3 2024, driven by higher average realized third-party prices for alumina and improved energy and raw material costs.
Alumina Revenue Increase: The alumina segment saw a 9% increase in third-party revenue, attributed to higher average realized prices, showcasing strong market demand and pricing power.
Cost Management Success: Alcoa achieved $525 million in savings towards its profitability improvement programs, exceeding its target of $645 million, indicating effective cost management and operational efficiency.
Acquisition Benefits and Savings: The company completed the acquisition of Illumina Limited, which is expected to yield approximately $100 million in cash tax savings over the next 12 to 18 months, enhancing financial flexibility and strategic positioning.
Negative
Flat Revenue Performance: Revenue was flat sequentially at $2,900,000,000, with the aluminum segment experiencing a 5% decrease in 3rd party revenue primarily due to lower shipments.
Aluminum Segment EBITDA Decline: The aluminum segment's adjusted EBITDA decreased by $53,000,000 primarily due to higher alumina costs, lower metal prices, and decreased shipments.
Working Capital Increase: Days working capital increased by 4 days to 45 days sequentially, primarily due to an increase in inventory days on timing of shipments.
Restructuring Payments Impact: The company incurred approximately $85,000,000 in restructuring payments during the 3rd quarter, primarily related to the Quinoneq curtailment, impacting cash flows.
Corporate Expenses Outlook Increase: The outlook for other corporate expenses is expected to increase by $20,000,000 to $160,000,000 in the upcoming quarter.
AA FAQs
How does AA typically perform around its earnings report dates?
Is Earnings call transcript: Alcoa Q3 2024 beats expectations, stock rises positive or negative?
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AA Earning Call Sentiment
Earnings call transcript: Alcoa Q3 2024 beats expectations, stock rises
AA.N
2.52%Positive
The earnings call reveals strong financial performance with improved net income and adjusted EBITDA, alongside strategic moves like the acquisition of Alumina Limited and a partnership with IGNIS Group. Despite some uncertainties in the Q&A, such as stakeholder approvals, the overall sentiment is positive due to increased revenue in the alumina segment and optimistic guidance. The shareholder return plan and strategic partnerships are likely to support a positive stock price reaction over the next two weeks.
