Kaiser Aluminum (NASDAQ:KALU) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.
Analysts estimate that Kaiser Aluminum will report an earnings per share (EPS) of $0.84.
Kaiser Aluminum bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
During the last quarter, the company reported an EPS missed by $0.26, leading to a 15.87% drop in the share price on the subsequent day.
Here's a look at Kaiser Aluminum's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.91 | 0.57 | -0.12 | 0.50 |
| EPS Actual | 0.65 | 1.02 | 0.60 | 0.46 |
| Price Change % | -16.0% | 1.0% | 7.000000000000001% | -8.0% |
Performance of Kaiser Aluminum Shares
Shares of Kaiser Aluminum were trading at $70.71 as of October 21. Over the last 52-week period, shares are up 14.09%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Kaiser Aluminum visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
