Alcoa Corp reports results for the quarter ended September 30 - Earnings Summary

• Alcoa Corp AA reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of eleven analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -22 cents to 23 cents per share.

• Revenue rose 3.1% to $3.00 billion from a year ago; analysts expected $3.13 billion.

• Alcoa Corp's reported EPS for the quarter was 88 cents​.

• The company reported quarterly net income of $232 million.

• Alcoa Corp shares had risen by 13.2% this quarter and lost 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 111.7% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aluminum peer group is also "buy"

• Wall Street's median 12-month price target for Alcoa Corp is $40.50, about 8.1% above its last closing price of $37.23

This summary was machine generated from LSEG data October 22 at 09:50 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)