Alcoa (NYSE:AA) to Kick Off Earning Season; May Report Record Annual Earnings Growth in 3 Years – ACH, POT, OXY, VLO, CHK, CLMT, ACI

Alcoa Inc (NYSE:AA) is set to announce the strongest yearly earnings growth in 3 years as the price of the commodity bounces back and after the New York based company shut its most inefficient smelters.

The consensus of 19 analysts’ forecasts gathered by Bloomberg confirms that Alcoa, the biggest United States aluminum producer, will announce fiscal Q4 profit after special items of 6 cents per share on Tuesday after market close, evaluated against a loss of 3 cents per share in previous year.

The forecasts show that earnings in 2013 will over double to 65 cents per share while the aluminum price will hike 6.4%.

CEO of aluminum maker Klaus Kleinfeld finished 12% of Alcoa’s aluminum production capacity and sold a hydropower facility in Tennessee in 2012.

Its competitors include Aluminum Corp. of China Limited (ADR) (NYSE:ACH) that slipped -1.69% to $12.19 with the total traded volume of 27,589 shares.

Other Basic Materials stocks with bullish trend include Potash Corp./Saskatchewan (USA) (NYSE:POT) up 0.36% to $41.83, Occidental Petroleum Corporation (NYSE:OXY) up 1.25% to $80.88 and Valero Energy Corporation (NYSE:VLO) up 0.15% to $34.40, whereas with bearish trend include Chesapeake Energy Corporation (NYSE:CHK) down -2.95% to $17.10, Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) down -5.95% to $31.29 and Arch Coal Inc (NYSE:ACI) down -3.68% to $7.32.

Alcoa Inc. (NYSE:AA)stock’s trade at beginning with a price of $9.16 and the current trading session climbed at a high of $9.19other than the stock finally advanced 0.44% to $9.14.

Shares price of AA moved up from its 20 days moving average with 4.76% and remote positively from 50 days moving average with 6.93%. AA current year earnings per share experienced an addition with 112.94% while its current quarter performance remained 4.00%.

AAhas a trade volume of 4.70 million shares islesseras compared to average trading capacity of 15.24million shares.

AA last month stock price volatility remained 1.84%. In its share capital AA has 1.07 Billion outstanding shares among them 1.07 Billion shares have been floated in market exchange. AA stock institutional ownership remained 60.34% while insider ownership included 0.01%.

The stock is ahead its 52 week low with 15.80% and lagging behind from its 52 week high price with -15.24%. Company’s beta coefficient included 2.08. Beta factors measures the amount of market risk associated with market trade.

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