Alcoa Corporation Reports Third Quarter 2020 Results: Strong operating and safety performance with continued stability Executing well on strategic actions and initiatives, enhancing liquidity

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Alcoa (AA) PT Raised to $14 at BMO Capital Following 3Q Report

October 15, 2020 7:45 AM EDT

BMO Capital analyst David Gaglian raised the price target on Alcoa (NYSE: AA) to $14.00 (from $11.00) while maintaining a Market Perform rating following the company's 3Q earnings report. Alcoa reported strong 3Q20 EBITDA, primarily driven by better-than-expected alumina shipments/prices, and lower implied costs.... More

Alcoa (AA) Misses Q3 EPS by 40c

October 14, 2020 4:11 PM EDT

Alcoa (NYSE: AA) reported Q3 EPS of ($1.17), $0.40 worse than the analyst estimate of ($0.77). Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.22 billion.

2020 Outlook

The Companys 2020 shipment outlook for Bauxite and Aluminum remains unchanged from the prior full-year estimates. Total annual bauxite shipments are expected to range between 48.0 and 49.0 million dry... More