Alcoa(NYSE:AA) stock rose by 15.23% on Friday after the company reported its Q3 earnings results on Thursday, October 14, 2021 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Alcoa beat their estimated earnings by 14.53%, which surprised analysts.
Revenue was up $744,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15, which was followed by a 4.6% drop in the share price the next day.
Here’s a look at Alcoa’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 1.79 | 1.34 | 0.46 | 0.11 | -1.38 |
| EPS Actual | 2.05 | 1.49 | 0.79 | 0.26 | -1.17 |
| Price Change % | 15.23% | -4.6% | 8.5% | -12.39% | -5.38% |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
