Looking Ahead At Wall Street: AA, FDO, WBA
TipRanks | Apr 06, 2015 09:34AM ET
To kick off the new earnings season, three big companies are set to announce their quarterly financial results this week. What should investors look for?
Alcoa Inc (NYSE:AA):
Alcoa Inc. is slated to announce its first quarter 2015 earnings on Wednesday, April 8th after market close. The company is expected to post $0.25 earnings per share on $5.9 billion in revenue, up from $0.09 earnings per share and $5.5 billion in revenue from the same quarter a year prior.
Alcoa’s fourth quarter 2014 earnings results were fairly strong coming in at $0.33 earnings per share excluding special items and $6.4 billion in revenue. However, many believed that the company has already peaked this year and analysts’ estimates have been lowered from $0.26 earnings per share on $6 billion in revenue.
Earlier this year Alcoa acquired titanium and specialty metals producer, RTI. The dilution acquisition is just one of the factors driving Alcoa’s forward estimates down as the company paid 13(x) EBITDA. Another reason for decreased estimates may also be speculation that the global aluminum deficit is starting to balance out, causing less demand for the company.
On average, the all analyst consensus for Alcoa on
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