Alcoa Stock Looks Interesting On The Dip (Upgrade) [Seeking Alpha]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.alcoa.com
Company Research
Source: Seeking Alpha
Summary Alcoa's Q3 2024 earnings exceeded EPS forecasts, highlighting its strong operational performance and potential undervaluation, despite a recent stock price dip. I think the company benefits from sanctions on competitor Rusal, driving aluminum demand and prices higher, which supports Alcoa's revenue growth. AA's increased aluminum output, improved EBITDA margins, and strategic acquisitions position it well for future growth and market share gains. In my analysis, I arrived at a fair equity value of ~$12.53 billion. This figure is approximately 20.3% higher than the company's current market cap. Despite risks like geopolitical changes and aluminum price volatility, I rate Alcoa as a "Buy" due to its strong fundamentals and growth prospects. Looking for a helping hand in the market? Members of Beyond the Wall Investing get exclusive ideas and guidance to navigate any climate. Learn More » Monty Rakusen My Updated Thesis I reinitiated my coverage of Alcoa Corpor
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News
- Bauxite Mining Industry Research Report 2024-2031: Growing Aluminum Demand, Increased Industrialization, Environmental Concerns Fueling Market Developments [Yahoo! Finance]Yahoo! Finance
- Alcoa CEO sees strong demand for aluminum in both near and long-term [CNBC]CNBC
- Golden Horse Australian IPO Offer to Raise up to A$18M Opens November 5 [Yahoo! Finance]Yahoo! Finance
- What's Next After Rally For Alcoa Stock? [Forbes]Forbes
- Alcoa Corporation Welcomes Final Regulations on Advanced Manufacturing Production Credit [Yahoo! Finance]Yahoo! Finance
AA
Earnings
- 10/16/24 - Beat
AA
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/7/24 - Form SC
- AA's page on the SEC website