This article was originally published by GuruFocus on March 28, 2014
By Sarfaraz A. Khan
Alcoa (AA), the world’s third biggest aluminum producer and a bellwether of things to come is going to kick off the earnings season on April 8 by releasing its quarterly results. The company’s stock has outperformed the broader S&P 500 ,but its financial performance has been far from impressive.
While the company might struggle in the near term, its long term outlook appears positive. According to data compiled by Thomson Reuters, analysts are expecting 9.7% growth in Alcoa’s earnings in 2014 followed by 67.7% growth in 2015.
So far this year, Alcoa’s shares have risen by 19.56% and closed at $12.59 on May 28. The company has easily outperformed the S&P 500 which has risen by 0.4% in the corresponding period. Since Monday, Alcoa has risen by 4.8% .... read full article at GuruFocus
