16 Apr

How Wall Street Rates Alcoa ahead of Its 1Q18 Earnings Release

WRITTEN BY Mark O'Hara FEATURED IN Pre-Release Earnings Reports

Alcoa’s 1Q18 earnings release

Alcoa is scheduled to release its 1Q18 earnings on April 18. In the previous articles, we’ve seen what analysts are projecting for Alcoa’s 1Q18 earnings and the key updates that markets might watch for in the company’s 1Q18 earnings call. Let’s now see how analysts are rating the stock ahead of its 1Q18 earnings release.

How Wall Street Rates Alcoa ahead of Its 1Q18 Earnings Release

Analyst recommendations

Alcoa has received a “strong buy” rating from three analysts, while seven analysts have a “buy” rating on the stock. The remaining four analysts polled by Thomson Reuters on April 13 rate Alcoa as a “hold” or some equivalent. Alcoa has received a mean consensus price target of $59.25, which represents a 7.8% upside over its April 13 closing prices.

Century Aluminum (CENX) and Norsk Hydro (NHYDY) are trading 34.4% and 15.9% below their consensus price target, respectively. Rio Tinto’s (RIO) price target implies a potential upside of 10.5% over its April 13 closing prices, while Alumina Limited (AWC) is trading 1.5% below its consensus price target. US Midwest aluminum premiums have risen sharply this year. Century Aluminum could be among the biggest beneficiaries of higher US premiums given its high exposure to the US market.

What to watch

Analysts generally revise their ratings after a company’s earnings release. During Alcoa’s 1Q18 earnings call, analysts could closely watch the company’s 2018 guidance. In the 4Q17 earnings call, Alcoa’s 2018 earnings guidance had miffed analysts, as the company cited higher costs as a drag on earnings. Don’t forget to check with our Metals and Mining page for Alcoa’s 1Q18 post-earnings analysis.

Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!

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