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What Should Investors Expect from Alcoa’s 1Q 2015 Earnings?



Alcoa’s 1Q 2015 earnings

Alcoa (AA) has a legacy of kick-starting earnings season. It’s expected to release its 1Q 2015 earnings on April 8. Alcoa’s earnings are closely tracked by analysts who cover the metals and mining industry. The industry hasn’t performed well on the stock markets this year. The SPDR S&P Metals and Mining ETF (XME), which seeks to build a diversified portfolio of US-based metals and mining companies, has underperformed the broader markets in 2015.

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XME is down more than 5% this year, while the iShares Core S&P 500 (IVV) is up by 2.5% over this period. Alcoa forms 3.57% of XME, while it makes up 0.9% of IVV. Century Aluminum (CENX) and Reliance Steel & Aluminum (RS) respectively form 2.5%, and 4% of XME. Reliance Steel is a distributor for primary producers like Alcoa.

What do we cover?

In this series, we’ll present a preview of Alcoa’s 1Q 2015 earnings. We’ll discuss the key facts that Alcoa investors should watch for in this earnings release. We’ll also analyze any potential surprises in the company’s 1Q earnings.

Alcoa’s share price has corrected over the last couple of months. You can see this trend in the chart above.

Integrated business

Alcoa is an integrated aluminum company. It’s a global leader in lightweight metals technology, engineering, and manufacturing. It employs over 59,000 people in over 30 countries and delivers value-added products made of aluminum, titanium, and nickel. Before we preview Alcoa’s 1Q 2015 earnings, we’ll first look at the company’s last-quarter earnings. In the next part of this series, we’ll discuss the key features of Alcoa’s 4Q 2014 earnings.


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