Earnings Season Returns with Alcoa (NYSE:AA)

Alcoa (NYSE:AA) Earnings Season - NYSE/NASDAQ

Alcoa Inc. (NYSE:AA) shares are up 2% today at $14.71 and the company is set to report Q1 2010 earnings after the bell closes today kicking off Q1 2010 earnings season for corporate America.

Alcoa shares have already passed their daily normal average with 36.7 million shares trading hands just before 3 PM EST.  The company's earnings will be released in just one hour and the confence call begins at 5 PM EST.

(247WallSt.com) Alcoa, Inc. (AA) starts the Q1-2009 reporting period earnings season today after the closing bell. Thomson Reuters estimates are $0.10 EPS on $5.24 billion in revenue, down from $0.11 EPS estimates just on Friday on slightly higher revenue estimates. 

This will compare to a loss of -$0.59 EPS a year ago.  If it gives guidance, the estimates are $0.23 EPS and $5.69 billion in revenue for next quarter and $0.75 EPS on $21.61 billion in revenues for fiscal 2010.  As of Friday traded around 18-times forward earnings and its 52-week range is $8.10 to $17.60. 

There seems to be a neutral bias here on how the stock will react to earnings, meaning it would seem to rise with good news or fall with bad news more than other quarters.

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