What's Next After Rally For Alcoa Stock? [Forbes]
Alcoa Corporation (AA)
Last alcoa corporation earnings: 4/22 04:10 pm
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Source: Forbes
Europa Press via Getty Images Alcoa posted a better-than-expected set of Q3 2024 results, with EBITDA rising to $455 million, which is a 6.5x increase year-over-year. Alcoa stock has also fared well in the last 12 months, rising by 75%. The company's guidance for 2024 was also better than anticipated, with alumina shipments projected to stand at between 12.9 million to 13.1 million metric tons, marking an increase of 0.2 million metric tons from the prior estimations, due to higher trading volumes. Shipments for the aluminum segment are projected at between of 2.5 to 2.6 million tons, same as prior estimates. With higher shipments and lower production costs, EBITDA is expected to see further improvement - so what does this mean for Alcoa stock? The increase in AA stock over the last 3-year period has been far from consistent, with annual returns being considerably more volatile than the S&P 500. Returns for the stock were 159% in 2021, -23% in 2022, and -24% in 2023. In contrast,
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News
- AA Stockholders: Robbins LLP is Investigating the Officers and Directors of Alcoa Corporation to Determine if They Breached Fiduciary Duties Owed to ShareholdersPR Newswire
- Chevron Australia signs long-term gas supply deal with Alcoa [Yahoo! Finance Canada]Yahoo! Finance Canada
- Chevron Australia signs long-term gas supply deal with Alcoa [Yahoo! Finance]Yahoo! Finance
- Alcoa Corporation Shareholders are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their LossesGlobeNewswire
- Robbins LLP Informs Alcoa Corporation Stockholders that it is Investigating the Officers and Directors of AA to Determine if They Breached Fiduciary Duties Owed to ShareholdersGlobeNewswire
AA
Earnings
- 10/16/24 - Beat
AA
Sec Filings
- 12/2/24 - Form 8-K
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- AA's page on the SEC website