Alcoa Q4 revenue rises

Overview

• Aluminum producer's Q4 revenue rose 15% sequentially, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

Outlook

• Alcoa expects 2026 alumina production between 9.7 mln and 9.9 mln metric tons

• Company forecasts 2026 aluminum shipments between 2.6 mln and 2.8 mln metric tons

• Alcoa anticipates $70 mln unfavorable impact on 1Q26 Aluminum Segment Adjusted EBITDA

Result Drivers

• ALUMINUM PRICES - Higher aluminum prices significantly contributed to increased revenue and adjusted EBITDA for Q4

• SHIPMENT INCREASES - Alumina and aluminum shipments rose sequentially, boosting revenue

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the aluminum peer group is "buy"

• Wall Street's median 12-month price target for Alcoa Corp is $48.00, about 24.8% below its January 21 closing price of $63.87

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw2P6h2Na

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