Kaiser Aluminum Shares Drop 11.8% on $1.53 EPS Miss and 142.6% Growth Forecast
Kaiser Aluminum’s shares fell 11.8%, opening at $123.01, after reporting $1.53 EPS, below analyst expectations. The company holds a Zacks Rank #1 with a VGM Score of A and forecasts 142.6% earnings growth this year, with consensus estimates up 3.8% over the past 60 days.
1. Earnings Miss and Share Reaction
Shares of Kaiser Aluminum opened down 11.8% at $123.01 following an EPS report of $1.53, missing expectations and triggering a volume of 96,498 shares as investors reacted to the weaker results.
2. Zacks Rank and Growth Projection
The company holds a Zacks Rank #1 and a VGM Score of A, highlighting strong value, growth and momentum metrics, while forecasting earnings growth of 142.6% for the current year.
3. Consensus Estimate Revisions
Analyst consensus for current-year earnings rose by 3.8% over the past 60 days, reflecting increased confidence in Kaiser Aluminum’s profit potential despite the recent EPS shortfall.