Alcoa's Earnings: Can It Navigate Weak Aluminum Prices?
Alcoa will kick off this quarter’s earnings season when it announces its Q1 results after the market closes on Monday, April 8. Alcoa's results are closely eyed as it usually is the first Dow company to post earnings. We expect the company to record soft earnings, but most investors will watch for any cues on its outlook. Aluminum prices and demand remain sluggish. Also, aluminum inventory continues to remain high relative to demand, keeping a lid on London Metal Exchange prices for aluminum.