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Alcoa (AA) is scheduled to release its fourth-quarter earnings on January 16 after the markets close.

hile Century Aluminum (CENX) responded positively to the move and announced a smelter restart a few days after the tariffs, Alcoa’s (AA) response was measured from the very beginning.

Previously in this series, we looked at recent trends in aluminum prices. In this article, we’ll see how markets are valuing US aluminum producers after last week’s sell-off.

In this article, we’ll take a look at how analysts are rating different aluminum producers.

As President Donald Trump looks inclined to impose tariffs on aluminum imports, we could see an increase in US aluminum production.

Despite Alcoa’s recent weakness, its downside could be limited. Let’s discuss this in perspective.

US aluminum production has been in a falling trend for quite some time now, and current production levels are hovering near multiyear lows.

Last week, the US Commerce Department released the results of its Section 232 imports probe.

Alcoa (AA), the leading US-based integrated aluminum producer, has lost 8.9% so far in 2018 based on February 2 closing prices.

Alcoa (AA) expects global aluminum demand to exceed supply in 2018 on China’s supply-side reforms.

According to Alcoa, global aluminum demand growth was more than 5% YoY in 2017. It expects global aluminum demand to grow 4.25%–5.25% in 2018.

Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS of $1.04 in 4Q17.

While Alcoa’s 4Q17 earnings rose sharply as compared to previous quarters, the quarterly results fell short of expectations.

In this part of our series, we’ll see how markets are valuing Alcoa (AA). Specifically, we’ll look at the forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple…

In this article, we’ll see what analysts are projecting for Alcoa’s (AA) 4Q17 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization).

Alcoa (AA), the leading US-based aluminum producer (XME), is expected to release its 4Q17 earnings on January 17. In this series, we’ll see what analysts are projecting for Alcoa’s 4Q17 results.

Three analysts rated Alcoa stock as a “strong buy,” seven analysts rated it as a “buy,” and four analysts rated it as a “hold” or some equivalent.

After its split, Alcoa (AA) became a pure-play aluminum producer (S32) (CENX). Like other aluminum producers, Alcoa’s fortunes are tied to metal prices.

Alcoa (AA) made a closing high of $38.54 on February 14, 2017. Alcoa made its fresh 52-week high in October as aluminum moved to higher price levels.

Alcoa (AA) has had a nice run in 2017. Although the stock has come off its 2017 highs, it’s trading with strong year-to-date gains of 65.6%.

Last month, China exported 380,000 metric tons of unwrought aluminum, which is similar to the corresponding month in 2016.

Aluminum was among the best-performing base metals in 1H17. It outperformed several other industrial metals including copper.