Alcoa (aa)

myminitrading · Jul 9, 2007

Quote from myminitrading:

How about this neat trick, lower estimates the day of earnings hahaha.

Analysts notch down Alcoa profit estimates ahead of release

By Laura Mandaro
Last Update: 3:18 PM ET Jul 9, 2007

SAN FRANCISCO (MarketWatch) -- Equity analysts lowered their forecasts for second-quarter earnings per share at Alcoa, Inc. (AA : alcoa inc com
News , chart , profile , more
Last: 42.31+0.65+1.56%

3:34pm 07/09/2007

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:

AA42.31, +0.65, +1.6%) to an average 81 cents as of Monday from 84 cents a week ago, according to Thomson Financial. The aluminum giant is scheduled to release its second-quarter earnings after the close of New York trading Monday. Analysts polled by Thomson Financial forecast revenue will rise to $8.34 billion. Shares in Alcoa had risen 1.7% by late-afternoon trading Monday.

Well wadda ya know it came in right at the average .81.

stock_trad3r · Jul 9, 2007

looks like they missed revenue by .24 cents

oh no market will crash

Down a whole 50 cents in AH

will the dow drop 400 points tomorrow as a result of this? Possibly so.

john12 · Jul 9, 2007

aa missed earnings and reve's not even down. when they beat it skies

NJtrader80 · Jul 9, 2007

debating whether i should hold it till tomorrow or dump it now. any suggestions?

pumpanddumper · Jul 9, 2007

Quote from NJtrader80:

Please explain your reasoning!

Because its PPS is as inflated as the DOW.

No, I didn't make a play. I just like to go against the public money.

I think its a $39 stock tops.

Nugget · Jul 9, 2007

I bailed with a 300 dollar loss. I was thinking about shorting it and it dropped right when I was about to.

NY_HOOD · Jul 9, 2007

missed both on eps and rev.

stock_trad3r · Jul 9, 2007

Quote from pumpanddumper:

Because its PPS is as inflated as the DOW.

No, I didn't make a play. I just like to go against the public money.

I think its a $39 stock tops.

A pE of 17 is not overinflated...

number22 · Jul 9, 2007

Quote from stock_trad3r:

A pE of 17 is not overinflated...

However if you consider the inflation and weaken usd; AA result is on its weak side.

Cache Landing · Jul 9, 2007

Quote from number22:

However if you consider the inflation and weaken usd; AA result is on its weak side.

Especially when considering that they lowered expectations last week. This is supposed to be the quarter when the market beats because expectations were low. Lowering and then matching doesn't follow the business model.