• Alcoa Corp AA.N reported quarterly adjusted earnings of $2.15​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -81 cents. The mean expectation of nine analysts for the quarter was for earnings of $1.72 per share. Wall Street expected results to range from $1.21 to $1.88 per share.

• Revenue rose 29.6% to $3.37 billion from a year ago; analysts expected $3.53 billion.

• Alcoa Corp's reported EPS for the quarter was $2.07​.

• The company reported quarterly net income of $548 million.

• Alcoa Corp shares had fallen by 19.1% this quarter and lost 34.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aluminum peer group is also "buy"

• Wall Street's median 12-month price target for Alcoa Corp is $43.00

This summary was machine generated from LSEG data April 16 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)