Alcoa (NYSE:AA) will release its quarterly report on January 9 after the market closes, launching the fourth quarter earnings season.
Last quarter the aluminum company generated mixed results, and analysts are looking at revenue of $5.78 billion and earnings of a penny a share for the latest quarter.
Consensus for EPS is 7 cents to 17 cents, and revenue consensus is from $5.4 billion to $6.16 billion.
Last month the EPS estimates of Alcoa were cut by UBS (NYSE:UBS) and Jefferies (NYSE:JEF). Higher costs and lower aluminum prices were cited as the reasons behind the changes.
Deutsche Bank (NYSE:DB) cut its price target on Alcoa from $12.00 to $10.00, and Bank of America (NYSE:BAC) recently lowered its estimates on the company.
Alcoa was trading at $9.14, down $0.22, or 2.40 percent, as of 11:29 AM EST.
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