Alcoa (NYSE:AA) is set to give its latest quarterly earnings report on Thursday, 2026-01-22. Here's what investors need to know before the announcement.

Analysts estimate that Alcoa will report an earnings per share (EPS) of $0.99.

The market awaits Alcoa's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

During the last quarter, the company reported an EPS missed by $0.00, leading to a 12.59% increase in the share price on the subsequent day.

Here's a look at Alcoa's past performance and the resulting price change:

Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024
EPS Estimate	-0.02	0.43	1.37	1.01
EPS Actual	-0.02	0.39	2.15	1.04
Price Change %	13.00	3.00	-7.00	-4.00

Tracking Alcoa's Stock Performance

Shares of Alcoa were trading at $62.12 as of January 20. Over the last 52-week period, shares are up 71.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Alcoa

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Alcoa.

The consensus rating for Alcoa is Neutral, based on 8 analyst ratings. With an average one-year price target of $49.75, there's a potential 19.91% downside.

Analyzing Ratings Among Peers

In this analysis, we delve into the analyst ratings and average 1-year price targets of Century Aluminum, Constellium and Kaiser Aluminum, three key industry players, offering insights into their relative performance expectations and market positioning.

• Analysts currently favor an Outperform trajectory for Century Aluminum, with an average 1-year price target of $42.4, suggesting a potential 31.75% downside.
• Analysts currently favor an Outperform trajectory for Constellium, with an average 1-year price target of $21.33, suggesting a potential 65.66% downside.
• Analysts currently favor an Neutral trajectory for Kaiser Aluminum, with an average 1-year price target of $111.0, suggesting a potential 78.69% upside.

Key Findings: Peer Analysis Summary

The peer analysis summary offers a detailed examination of key metrics for Century Aluminum, Constellium and Kaiser Aluminum, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

Company	Consensus	Revenue Growth	Gross Profit	Return on Equity
Alcoa	Neutral	3.13%	$300M	3.72%
Century Aluminum	Outperform	17.27%	$77.30M	1.92%
Constellium	Outperform	20.20%	$314M	10.83%
Kaiser Aluminum	Neutral	12.81%	$114.70M	4.99%

Key Takeaway:

Alcoa ranks at the bottom for Revenue Growth among its peers. It is in the middle for Gross Profit. Alcoa is at the bottom for Return on Equity.

Get to Know Alcoa Better

Alcoa is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and manufacturing primary aluminum. It is the world's largest bauxite miner and alumina refiner by production volume, and the eighth-largest aluminum producer. Profits are closely tied to prevailing commodity prices along the aluminum supply chain.Alcoa was the first mass producer of aluminum, launching the world-changing Hall-Heroult smelting process in the 1880s, making aluminum affordable. It listed as a public company in 1925. In 2016, Alcoa spun off its automotive and aerospace metal parts segment to focus on mining, smelting, and refining. It bought the 40% unowned balance of AWAC in mid-2024, meaning refining assets are now predominantly wholly owned, as with smelting.

Financial Insights: Alcoa

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Revenue Growth: Alcoa's remarkable performance in 3 months is evident. As of 30 September, 2025, the company achieved an impressive revenue growth rate of 3.13%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.

Net Margin: Alcoa's net margin excels beyond industry benchmarks, reaching 7.75%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Alcoa's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.72%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Alcoa's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.5% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Alcoa's debt-to-equity ratio is below the industry average at 0.41, reflecting a lower dependency on debt financing and a more conservative financial approach.

To track all earnings releases for Alcoa visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.