Here comes Alcoa ...
As usual, the aluminum giant will unofficially kick off the busy reporting season.
Alcoa came into this quarter expecting a strong year of global aerospace sales amid healthy demand for commercial aircraft.
It forecast record aluminum demand this year of 60.5 million metric tons, and global demand doubling between 2010 and 2020.
So far, it said, demand growth is tracking ahead of this forecast for the decade.
But lower alumna prices could repress its gains.
"The focus will be on the performance of the downstream business and how the company is operating amid ongoing commodity pricing pressure," wrote Lindsey Bell, S&P Global Market Intelligence senior analyst Lindsey Bell, in a note.
Investors will also be watching for updates on Alcoa's planned separation into two publicly traded companies: Value-Add Co., involved in making consumer products, and Upstream Co., involved in extraction. It's aiming to complete the split in the second half of the year.
Via Bloomberg, analysts are forecasting adjusted earnings per share of $0.02, with the highest estimate at $0.06 and the lowest at -$0.01.
Revenues are forecast at $5.20 billion.
Alcoa shares were up 3% in trading ahead of the results. Its shares have fallen 1% this year.
We'll have the latest details once the earnings cross, so refresh this page for updates.