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NEW YORK (TheStreet) -- Shares of Alcoa (AA) - Get Alcoa Corp. Report  were sliding in mid-afternoon trading on Friday as the New York-based company is slated to report 2016 fiscal third-quarter results before Tuesday's opening bell. 

Wall Street is looking for earnings of 12 cents per share on revenue of $5.33 billion. 

For the same period last year, the aluminum producer earned 7 cents per share and $5.57 billion in revenue. 

Last week, Alcoa's board approved its plan to split into two publicly traded companies, Alcoa Corp. and Arconic. 

Alcoa Corp. will remain a miner and aluminum producer, while Arconic will create high-performance materials and engineering products. 

Beginning next month, Alcoa Corp. and Arconic will trade on the NYSE under the tickers AA and ARNC, respectively. 

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(Alcoa is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trialhere.)

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Alcoa as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, the team also finds weaknesses including deteriorating net income, weak operating cash flow and poor profit margins.

You can view the full analysis from the report here: AA

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