Alcoa Inc. (NYSE: AA) stock rose 2.9% yesterday (Wednesday) ahead of today's fourth-quarter earnings report due after the bell.
Analysts are projecting earnings of $0.06 per share, down from $0.11 last quarter. At $5.54 billion, revenue estimates for AA are in line with the consensus estimate.
Alcoa used to be an earnings bellwether, although is no longer considered as one. Still, its earnings report is considered the official start to earnings season and is monitored for clues to global economic health.