Arconic Corporation Q1 Earnings Preview
Analysts at Deutsche Bank provided their outlook on Arconic Corporation (NYSE:ARNC) ahead of the company’s Q1 earnings report.
The analysts expect investors to focus on the company’s exposure to Russia (around 12% EBITDA) in the context of the ongoing conflict with Ukraine, and how the company intends to navigate the situation over the coming months. The analysts said they want to understand the management's view and strategy going forward. The recent stock pullback let them think that investors likely have already priced in the geopolitical risks.
| Symbol | Price | %chg |
|---|---|---|
| 103140.KS | 114600 | -4.8 |
| 014620.KQ | 28700 | -2.96 |
| TBMS.JK | 830 | 0.6 |
| 044490.KQ | 30250 | -3.64 |
Arconic Corporation’s Upcoming Q3 Earnings Preview
Deutsche Bank analysts provided their outlook on Arconic Corporation (NYSE:ARNC) ahead of the upcoming Q3 earnings announcement, lowering its price target to $23 from $29 while maintaining its buy rating.
The analyst's Q3 estimate of $139 million is 10% below the Street estimates on soft volumes and increased costs. The company released a pre Q3 guidance a few weeks ago, cutting numbers by approximately $100 million for full-year EBITDA, down to $715-765 million, and Q3 EBITDA between $135-150 million (vs. Deutsche Bank’s $135 million).
About half of the guidance cut was related to company specifics and operation setbacks at the US facilities (TN and Davenport), around $30 million direct impact from softer demand in Europe on Industrial Products and the remaining $15-20 million on energy costs in Europe.
Arconic Corporation’s Upcoming Q3 Earnings Preview
Deutsche Bank analysts provided their outlook on Arconic Corporation (NYSE:ARNC) ahead of the upcoming Q3 earnings announcement, lowering its price target to $23 from $29 while maintaining its buy rating.
The analyst's Q3 estimate of $139 million is 10% below the Street estimates on soft volumes and increased costs. The company released a pre Q3 guidance a few weeks ago, cutting numbers by approximately $100 million for full-year EBITDA, down to $715-765 million, and Q3 EBITDA between $135-150 million (vs. Deutsche Bank’s $135 million).
About half of the guidance cut was related to company specifics and operation setbacks at the US facilities (TN and Davenport), around $30 million direct impact from softer demand in Europe on Industrial Products and the remaining $15-20 million on energy costs in Europe.
Arconic Corporation Q1 Earnings Preview
Analysts at Deutsche Bank provided their outlook on Arconic Corporation (NYSE:ARNC) ahead of the company’s Q1 earnings report.
The analysts expect investors to focus on the company’s exposure to Russia (around 12% EBITDA) in the context of the ongoing conflict with Ukraine, and how the company intends to navigate the situation over the coming months. The analysts said they want to understand the management's view and strategy going forward. The recent stock pullback let them think that investors likely have already priced in the geopolitical risks.
