Key Takeaways:
- Alcoa Corporation (AA, Financial) beats EPS expectations but misses revenue forecasts.
- Analysts project significant upside potential based on current price targets.
- GuruFocus indicates a positive GF Value estimate for Alcoa Corp's future performance.
Alcoa Corporation (AA) has recently announced its latest earnings report, showcasing a non-GAAP EPS of $2.15. This impressive figure surpasses analysts' expectations by $0.81, highlighting the company's strong performance. However, the revenue generated, amounting to $3.37 billion, did not meet the projected forecast, falling short by $120 million.
Wall Street Analysts Forecast
Wall Street analysts have set their sights on Alcoa Corp (AA, Financial), offering one-year price targets that reflect an optimistic outlook. The average target price stands at $38.78, with projections ranging from a high of $49.00 to a low of $26.00. This average target suggests a potential upside of 54.70% from the current share price of $25.07. Investors can explore more on this topic by visiting the Alcoa Corp (AA) Forecast page.
The consensus recommendation among 12 brokerage firms rates Alcoa Corp's (AA, Financial) performance as "Outperform," reflecting an average brokerage recommendation of 2.3. This positions Alcoa favorably on a scale where 1 indicates Strong Buy and 5 signifies Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the GF Value for Alcoa Corp (AA, Financial) over the next year is predicted to be $30.17. This assessment indicates a potential upside of 20.34% from the current trading price of $25.07. The GF Value metric, a cornerstone of GuruFocus analysis, represents the fair value at which the stock should ideally trade. It is derived from historical trading multiples, past business growth, and future business performance estimates. For in-depth analysis, visit the Alcoa Corp (AA) Summary page.
