Alcoa Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Alcoa Corporation AA will release its fourth-quarter financial results, after the closing bell, on Wednesday, Jan. 22, 2025.

Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at $1.01 per share, versus a year-ago loss of 56 cents per share. Alcoa projects quarterly revenue of $3.45 billion, compared to $2.6 billion a year earlier, according to data from Benzinga Pro.

On Oct. 16, 2024, Alcoa reported better-than-expected third-quarter adjusted EPS results.

Alcoa shares fell 2.3% to close at $38.61 on Tuesday           .

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Argus Research analyst David Coleman upgraded the stock from Hold to Buy on Oct. 23, 2024. This analyst has an accuracy rate of 60%.
  • Morgan Stanley analyst Carlos De Alba maintained an Overweight rating and raised the price target from $48 to $49 on Oct. 18, 2024. This analyst has an accuracy rate of 71%.
  • B. Riley Securities analyst Lucas Pipes upgraded the stock from Neutral to Buy and raised the price target from $41 to $50 on Oct. 17, 2024. This analyst has an accuracy rate of 69%.
  • UBS analyst Curt Woodworth maintained a Buy rating and raised the price target from $40 to $50 on Oct. 15, 2024. This analyst has an accuracy rate of 67%.
  • Wolfe Research analyst Timna Tanners upgraded the stock from Peer Perform to Outperform with a price target of $36 on Sept. 4, 2024. This analyst has an accuracy rate of 67%.

Considering buying AA stock? Here’s what analysts think:

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