Wall Street Optimistically Awaits Alcoa Numbers and 2 More Heavily Traded Stocks to Follow
Alcoa Inc. (NYSE:AA): Current price $7.96
According to Forbes, Wall Street is optimistically waiting for Alcoa’s third quarter results on Tuesday, October 8. Analysts forecast a profit of 6 cents per share, marking a rise from 3 cents per share year-over-year. The consensus has risen over September, from 5 cents, but that is still less that the estimate of 10 cents as of three months ago. For the fiscal year, analysts are predicting earnings of 32 cents per share, and they expect revenue to slip 2 percent year-over-year to $5.71 billion for the quarter, after $5.83 billion in the 2012 period. For the year, revenue is projected to roll in at $23.05 billion.