Not exact matches
Analyst Josh Sullivan at Sterne Agee CRT said that while Alcoa's value - added businesses gained ground in the aerospace and automotive markets during the third quarter,
declines in premiums and alumina pricing keeps him cautious on the company, and prompted him to cut his 2015
EPS estimate this week to 71 cents from 83 cents and his 2016 outlook to 72 cents from 90 cents.
Although earnings per share (
EPS) growth through January 30 is tracking a bit better than forecast,
EPS estimates for the first and second quarters have
declined from December projections.
During the past year (4 quarters), the average
decline in the
EPS estimate during the quarter has been 3.9 %.
During the past ten years, (40 quarters), the average
decline in the
EPS estimate during the quarter has been 4.3 %.