Alcoa Is Optimistic about Aluminum’s 2018 Outlook

Tuesday, Jan 23, 2018

   Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS (earnings per share) of $1.04 in 4Q17. It posted an adjusted EPS of $0.72 in 3Q17 and $0.14 in 4Q16. Alcoa’s 4Q17 earnings fell short of analysts’ top line and bottom line estimates. Alcoa’s 2018 guidance also spooked the markets. The company expects higher raw material prices (AWC), especially for caustic and graphite, to hit its 2018 earnings.

  Alcoa’s 4Q17 earnings miss triggered a selling spree and the stock lost 7.0% on January 18. Alcoa pared all of its 2018 gains. Markets gave a thumb down to its 4Q17 financial performance. Previously, Alcoa had a strong 2017 and the stock gained 91.2% last year.

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