Alcoa Corp reports results for the quarter ended December 31 - Earnings Summary

• Alcoa Corp AA.N reported quarterly adjusted earnings of $1.04​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -56 cents. The mean expectation of nine analysts for the quarter was for earnings of 97 cents per share. Wall Street expected results to range from 81 cents to $1.15 per share.

• Revenue rose 34.3% to $3.49 billion from a year ago; analysts expected $3.34 billion.

• Alcoa Corp's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of $202 million.

• Alcoa Corp shares had risen by 2.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 21.5% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 4 "hold" and no "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 $50.50

This summary was machine generated from LSEG data January 22 at 10:37 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)