Alcoa, the Pittsburgh-based aluminum producer, is set to announce its second-quarter earnings after the market closes on Wednesday. Here’s what you need to know:
Total Revenue
According to FactSet, Alcoa is expected to report revenue of $2.68 billion for the second quarter. This is a decrease from the reported revenue of $3.64 billion during the same period last year.
Adjusted Earnings Per Share
FactSet predicts that Alcoa will post a loss of 49 cents per share for the second quarter, after excluding one-time items. In comparison, the company reported adjusted earnings per share of $2.67 for the same period in the previous year.
Key Factors to Watch
Prices
Investors will closely monitor Alcoa’s alumina and aluminum prices, as they can potentially offset the decline in shipments. During the first quarter of 2022, the average realized third-party prices of alumina and aluminum increased by 7% and 8% respectively, compared to the fourth quarter of the same year.
Shipments
The reported shipments for the quarter will provide valuable insights into the overall outlook for Alcoa and the industry as a whole.
Energy Costs
Investors will be interested in any comments regarding energy costs in Europe. In the first quarter, Alcoa reported a reduced loss due to lower energy costs in the region.
