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Post by Clinton SPX on Apr 10, 2012 15:06:33 GMT -5
Huge beat
forward guidance good
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Post by herceg1967 on Apr 10, 2012 15:11:36 GMT -5
This should bold well for more solid companies this week..........JMO
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Post by Clinton SPX on Apr 10, 2012 15:14:59 GMT -5
Retail sales also had +5 to +15% numbers for Q1
IMO we are going to have many big beats
MSM was just propaganda to get everyone to sell
BM is gonna gobble up all dem shares now
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Post by tendermyshares on Apr 10, 2012 15:17:49 GMT -5
14 cents isn't really that big of a beat. The stock price is up 43 cents from the close which was down 28 cents?
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Post by commodityypro on Apr 10, 2012 15:19:43 GMT -5
I'm wondering how much of this was due to the price increase of the actual raw material (aluminum) itself?
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Post by Clinton SPX on Apr 10, 2012 15:20:36 GMT -5
I think its a huge beat
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Post by Clinton SPX on Apr 10, 2012 15:21:54 GMT -5
heres what Reuters says
(Reuters) - Aluminum producer Alcoa Inc on Tuesday reported a first-quarter profit after a loss in the fourth quarter of 2011 as a result of improved market conditions.
Income from continuing operations in the first quarter was $94 million, or 9 cents per share, compared with a profit of $309 million, or 27 cents per share in the same quarter last year.
Revenue rose slightly to $6 billion, Pittsburgh-based Alcoa said.
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Post by sloop on Apr 10, 2012 15:23:26 GMT -5
It is a huge beat. Remember this is AA! The stock that always disappoints
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Post by Clinton SPX on Apr 10, 2012 15:23:30 GMT -5
UPDATE:
Alcoa reported first quarter results that topped expectations on both the top and bottom lines as revenue surged to a record high, the company said this afternoon.
Demand for aluminum blew past expectations as the auto and air industries continued to rebound.
The company said earnings per share during the period were $0.10, sharply higher than estimates for a $0.04 loss.
Click here to refresh this post as the data comes out >
Revenue also topped expectations, up nine percent year-on-year to $6.0 billion even as realized aluminum prices declined.
The company also reaffirmed its demand projections for 2012, seeing aluminum growth of 7 percent.
“Performance rebounded strongly this quarter due to our proactive cash sustainability actions, our relentless focus on profitable growth, and stabilizing markets,” Alcoa CEO Klaus Kleinfeld said.
Shares have rallied nearly 5 percent on the upbeat report, trading at $9.75 per share after hours.
From the release:
Income from continuing operations of $94 million, or $0.09 per share; excluding special items, income from continuing operations of $105 million, or $0.10 per share
Revenue of $6.0 billion, up year-on-year despite 9 percent decline in realized aluminum prices
Record results in Global Rolled Products and Engineered Products and Solutions
Days working capital a record low for first quarter
Cash on hand of $1.7 billion
390,000 metric tons of alumina refining capacity being curtailed to improve competitive position
Company raises 2012 global growth forecast for the aerospace market 3 percentage points; reaffirms global aluminum demand growth projection of 7 percent and a global aluminum supply deficit in 2012
ORIGINAL:
Global aluminum giant Alcoa will report first quarter results just minutes after the opening bell, kicking off earnings season.
The metals firm is expected to post a $0.04 loss on $5.77 billion in sales.
Earlier this year, Alcoa cut capacity across its aluminum supply chain after intense competition from manufacturers in China pressured margins.
The company said it would decrease smelting capacity by 12 percent when it made the announcement and close plants.
The news followed a relatively disappointing quarter, when Alcoa saw revenue surge above Wall Street estimates to $6.42 billion, but income from operations missed.
Alcoa's report also kicks off the unofficial earnings season, which heats up this Friday with numbers from J.P. Morgan and Wells Fargo.
A bottom's up estimate at Bank of America Merrill Lynch showed that if current estimates for the S&P 500 come to pass, it would represent sales growth of four percent and earnings appreciation of three percent.
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Post by Clinton SPX on Apr 10, 2012 15:27:28 GMT -5
ZeroHedge has nothing to say on Alcoa This must truly be a huge beat  |
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Post by commodityypro on Apr 10, 2012 15:28:41 GMT -5
where does Alcoa go from here though is the real question investors should be asking. Record revenues is tough to top. Estimates were not tough to beat here, especially after the last quarter. We shall see but I just don't see the stock going much further and would really look more for a sell the news here.
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Post by jack on Apr 10, 2012 15:32:27 GMT -5
It is a huge beat. Remember this is AA! The stock the always disappoints Sooooo true!!! At the very least it means a few days of consolidation and NOT more immediate downside this forecast just pulled out of my ass so don't hold me to it.  |
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Post by dino on Apr 10, 2012 15:34:40 GMT -5
It is a huge beat. Remember this is AA! The stock the always disappoints Sooooo true!!! At the very least it means a few days of consolidation and NOT more immediate downside this forecast just pulled out of my ass so don't hold me to it. if we did we may have to denigrate you... |
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Post by jack on Apr 10, 2012 15:35:27 GMT -5
I'm starting to get the message you think its a huge beat.  |
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Post by maxi on Apr 10, 2012 15:37:22 GMT -5
Sooooo true!!! At the very least it means a few days of consolidation and NOT more immediate downside this forecast just pulled out of my ass so don't hold me to it. if we did we may have to denigrate you... LOL Dino. Would you like me to give you private lessons?  |
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Post by jack on Apr 10, 2012 15:39:00 GMT -5
where does Alcoa go from here though is the real question investors should be asking. Record revenues is tough to top. Estimates were not tough to beat here, especially after the last quarter. We shall see but I just don't see the stock going much further and would really look more for a sell the news here. Man! You're like some women: NEVER satisfied!!!! lol!!! (j/k) |
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Post by jack on Apr 10, 2012 15:41:05 GMT -5
if we did we may have to denigrate you... LOL Dino. Would you like me to give you private lessons? First of all I'm not all that sure an ingrate can be denigrated - something about that against the laws of nature or something. Bwahahahahaha! |
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Post by dino on Apr 10, 2012 15:41:31 GMT -5
if we did we may have to denigrate you... LOL Dino. Would you like me to give you private lessons? no, public lessons are just fine thank you. but use Jack as the subject please!  |
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Post by Clinton SPX on Apr 10, 2012 16:00:51 GMT -5
Proof the bottom is in.
from Yahoo
Dow Falls 213 Points as “Totally Natural” Selloff Picks Up Steam: Is It Time to Get Out?
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Post by Clinton SPX on Apr 10, 2012 16:03:38 GMT -5
I'm starting to get the message you think its a huge beat. analyst say -.04 and AA comes in at -.03 thats a beat coming in at +.09 is HUGE |
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Post by tendermyshares on Apr 10, 2012 16:12:29 GMT -5
Up 2% on the day, way down over the past month. I'm up 2% on the day from just having a cup of coffee.
Anybody actually own this for a long term or earnings play, other than 401k etc.? Cuz I'm just messing around and don't especially want to rain on anyone's parade.
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Post by jack on Apr 10, 2012 16:12:38 GMT -5
I'm starting to get the message you think its a huge beat. analyst say -.04 and AA comes in at -.03 thats a beat coming in at +.09 is HUGEYa know Susie Gharib on the Nightly Business Report tonite is gonna have the Alcoa CEO on. If either one refers to the report as "HUGE" I may die laughin'!!! |
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Post by novice08 on Apr 10, 2012 16:13:11 GMT -5
Proof the bottom is in. from Yahoo Dow Falls 213 Points as “Totally Natural” Selloff Picks Up Steam: Is It Time to Get Out? What's CNBS saying?  |
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Post by maxi on Apr 10, 2012 16:23:04 GMT -5
Proof the bottom is in. from Yahoo Dow Falls 213 Points as “Totally Natural” Selloff Picks Up Steam: Is It Time to Get Out? What's CNBS saying? CNB ? S? Is that short hand for CNBStupid? |
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Post by maxi on Apr 10, 2012 16:24:18 GMT -5
Oh for the record all.... Last time AA beat and was this low it doubled after that....
It traded poorly after hours that day but the next day and so on.....
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Post by maxi on Apr 10, 2012 16:29:34 GMT -5
AA has a current short interest of 7%. It is just off it's 52 week lows. It just beat by whatever the heck percent -0.04 to 0.09% is.... I believe that is something like 200%....
Someone do the math for me.
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Post by brosin on Apr 10, 2012 16:32:34 GMT -5
Whatever 13/4 is - 325%? that's a pretty nice beat!!
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Post by jack on Apr 10, 2012 16:32:59 GMT -5
Oh for the record all.... Last time AA beat and was this low it doubled after that.... It traded poorly after hours that day but the next day and so on..... Exalt for the due diligence research!!!!  |
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Post by huh? on Apr 10, 2012 16:47:02 GMT -5
Apply some p/e math to it:
9 cent eps X 4 qtrs X 15 p/e = $5.40 pps
Or look at historical:
Last year in the 1st qtr, AA earned 27 cents a share, or 3x's as much, and it was trading around $18.
1/3 of $18 = $6 pps
Looking at the charts, there could be a potential double top formed over the last 2 years.
Target ~$5.60 pps
I wouldn't play it unless it could give a strong bullish showing above $10.00 over the next couple of days.
JMHO
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Post by Clinton SPX on Apr 10, 2012 16:53:16 GMT -5
What's CNBS saying? CNB ? S? Is that short hand for CNBStupid? Cable News Bull Shit |
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