Alcoa Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St · 10/18 11:58

Alcoa (NYSE:AA) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.90b (up 12% from 3Q 2023).
  • Net income: US$90.0m (up from US$168.0m loss in 3Q 2023).
  • Profit margin: 3.1% (up from net loss in 3Q 2023).
  • EPS: US$0.39 (up from US$0.94 loss in 3Q 2023).
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NYSE:AA Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alcoa EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Alcoa you should know about.