What is the price target for ARNC stock?
7 analysts have analysed ARNC and the average price target is 23.97 USD. This implies a price decrease of -20.07% is expected in the next year compared to the current price of 29.99.
Arconic Corporation (ARNC) Forecast, Price Target & Analyst Ratings
NYSE:ARNC • US03966V1070
Current stock price
29.99 USD
+0.01 (+0.03%)
At close:
29.99 USD
0 (0%)
After Hours:
Analyst forecast overview
View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for Arconic Corporation (ARNC).
Forecast Snapshot
Next Earnings Forecast
Earnings Estimate- Release Date
- Oct 30, 2023
- Period
- Q3 / 2023
- EPS Estimate
- $0.65
- Revenue Estimate
- 2.219B
Price Target Details & History
Consensus Price Target and Range
Mean target
$23.97
Upside
-20.07%
From current price of $29.99 to mean target of $23.97, Based on 7 analyst forecasts
Low
$21.21
Median
$23.97
High
$27.30
Price Target Revisions
1 Month
0.00%
3 Months
0.00%
Price Target Summary
7 Wall Street analysts provided a forecast for the next 12 months for ARNC. The average price target is 23.97 USD. This implies a price decrease of -20.07% is expected in the next year compared to the current price of 29.99.
Analyst Ratings & History
Current Analyst Ratings
Analyst Ratings History
Analyst Ratings Consensus
ChartMill Buy Consensus
45.71%
ARNC was analyzed by 7 analysts. The buy percentage consensus is at 46. So analysts seem to be rather neutral about ARNC.
In the previous month the buy percentage consensus was at a similar level.
ARNC was analyzed by 7 analysts. More opinions would make the average more meaningful.
Recent Upgrades & Downgrades
| Date | Firm | Action | From → To |
|---|---|---|---|
| 2023-05-05 | Benchmark | Downgrade | Buy -> Hold |
| 2023-04-12 | Wolfe Research | Downgrade | Outperform -> Peer Perform |
| 2023-02-28 | Goldman Sachs | Downgrade | Neutral -> Sell |
| 2023-01-24 | Deutsche Bank | Maintains | Hold |
| 2022-11-04 | Deutsche Bank | Downgrade | Buy -> Hold |
| 2022-10-13 | Goldman Sachs | Maintains | Neutral |
| 2022-09-15 | Deutsche Bank | Maintains | Buy |
| 2022-09-15 | Benchmark | Maintains | Buy |
| 2022-06-08 | Goldman Sachs | Maintains | Neutral |
| 2022-05-05 | Deutsche Bank | Maintains | Buy |
| 2022-02-24 | Deutsche Bank | Maintains | Buy |
| 2021-12-10 | JP Morgan | Upgrade | Neutral -> Overweight |
| 2021-11-17 | Wolfe Research | Initiate | Outperform |
| 2021-09-10 | Goldman Sachs | Initiate | Neutral |
| 2021-04-23 | JP Morgan | Initiate | Neutral |
Next Earnings Forecast Details
Next Earnings Details
- Release Date
- Oct 30, 2023
- Period
- Q3 / 2023
- EPS Estimate
- $0.65
- Revenue Estimate
- 2.219B
- Revenue Q2Q
- -2.68%
- EPS Q2Q
- 202.00%
- Number of Analysts
- 4
Next Earnings Revisions
Revenue (1 Month)
-6.45%
Revenue (3 Months)
1.84%
EPS (1 Month)
12.94%
EPS (3 Months)
-0.78%
Next Earnings Summary
ARNC is expected to report earnings on 10/30/2023. The consensus EPS estimate for the next earnings is 0.65 USD and the consensus revenue estimate is 2.22B USD.
The next earnings revenue estimate has been revised upward by 1.84% in the past 3 months.
Full Analyst Estimates
Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue YoY % growth | 5.675B -22.01% | 7.504B 32.23% | 8.961B 19.42% | 8.456B -5.64% | 8.595B 1.64% | 8.804B 2.43% | |
| EBITDA YoY % growth | 519M -6.32% | 650M 25.24% | 646M -0.62% | 663.61M 2.73% | 766.22M 15.46% | 843.04M 10.03% | |
| EBIT YoY % growth | 268M -11.26% | 397M 48.13% | 409M 3.02% | 396.78M -2.99% | 516.99M 30.30% | 547.25M 5.85% | |
| Operating Margin | 4.72% | 5.29% | 4.56% | 4.69% | 6.02% | 6.22% | |
| EPS YoY % growth | N/A | -3.03 -3,613.24% | -1.90 37.29% | 1.99 204.68% | 3.01 51.28% | 3.77 25.42% |
All data in USD
Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates
| Q3 / 23 | Q4 / 23 | Q1 / 24 | Q2 / 24 | Q3 / 24 | Q4 / 24 | |
|---|---|---|---|---|---|---|
| EPS Q2Q % growth | 0.65 202.00% | 0.52 119.27% | 0.48 99.75% | 0.50 -13.83% | 0.57 -12.50% | 0.58 11.76% |
| Revenue Q2Q % growth | 2.219B -2.68% | 2.091B 7.67% | 2.267B 17.52% | 2.285B 14.82% | 2.304B 3.83% | 2.322B 11.05% |
| EBITDA Q2Q % growth | 189.82M -26.14% | 171.46M -46.92% | 183.19M 47.73% | 184.93M -19.94% | 194.62M 2.53% | 196.25M 14.46% |
| EBIT Q2Q % growth | 121.48M 59.84% | 102.1M 18.72% | 119.24M 67.94% | 120.87M -4.07% | 130.46M 7.39% | 132.09M 29.37% |
All data in USD
Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data
Long Term Forward Growth Forecast Summary
Long Term EPS Growth (CAGR)
EPS Next 3 Year
58.56%
EPS Next 5 Year
N/A
Long Term Revenue Growth (CAGR)
Revenue Next 3 Year
-1.43%
Revenue Next 5 Year
N/A
Long Term EBIT Growth (CAGR)
EBIT Next 3 Year
41.78%
EBIT Next 5 Year
N/A
Arconic Corporation / ARNC Forecast FAQ
Can you provide the upcoming earnings date for Arconic Corporation?
Arconic Corporation (ARNC) will report earnings on 2023-10-30, before the market open.
What are the consensus estimates for ARNC stock next earnings?
The consensus EPS estimate for the next earnings of Arconic Corporation (ARNC) is 0.65 USD and the consensus revenue estimate is 2.22B USD.
Can you provide the expected long term growth rate for Arconic Corporation stock?
The expected long term growth rate for Arconic Corporation (ARNC) is -1.43%.