The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
The quarterly earnings report is the document, which provides insights into the company’s performance during the previous period. For a trader, it shows if the company’s stock worth buying or not. Among all the measures included in the report, it is recommended to follow the revenue figures and EPS (earnings per share). They are the heart of the fundamental analysis of a company.
Experts provide their predictions ahead of the upcoming release, based on the news and the previous releases. If the actual levels of revenue and EPS (expected on January 16) are better than the forecasts, the stock will jump. On the contrary, lower-than-expected figures will pull the stock down.
As Alcoa’s performance is heavily dependent on the prices of aluminum, the company has been facing quite tough times. The aluminum was not an attractive investment during the last two years; the price of the aluminum futures bottomed from the levels above $2,300 to the lows between $1,700-1,800. As a result, the aluminum giant reported yet another wider-than-expected quarterly loss of -0.44 EPS (vs. the expected -0.33) on October 16. At the same time, Alcoa posted revenue of $2.57 billion, surpassing the estimates. The mixed information resulted in the hard battle between bulls and bears. As we can see in the picture, the stock fell a bit, but buyers managed to take back their previous day’s gains.
After the disappointing release, the company announced a reorganization aiming to create a more integrated organization. As we can see in the picture above, the price gapped up on the announcement. Now, analysts forecast the decline in revenue to $2.48 billion and a loss of $0.22 in EPS. However, if the changes in the company’s structure during the previous quarter brought positive results, the figures may overcome the projections. In that case, Alcoa stock will rise. The next targets from the upside lie at $20.95 and $21.6. If the loss is wider than the forecasts, sellers will target $19.5 and $18.2.
Sounds impressive, right?
Now we bet you’d love to join the rally. Here’s what you need to do now:
1) Check the economic calendar
2) Read the tips and tricks for stock traders
3) Download MT5
And finally
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
XAUUSD fell below 1900 for the first time since March 2023. Meanwhile, the US dollar index gives a bearish signal. Read the full report to learn more!
Oil prices are rising while the US government is on the verge of shutting down. How will it affect the market?
US stock markets started falling, while the US dollar is rising. What to expect from
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
