Should you buy Arconic (ARNC) stock in 2022?

In 2022, Arconic's revenue was $8.96 billion, an increase of 19.42% compared to the previous year's $7.50 billion. Losses were -$182.00 million, -54.16% less than in 2021. According to 4 analysts, the average rating for ARNC stock is "Sell." The 12-month stock price forecast is $23.0, which is a decrease of -22.79% from the latest price.

How did Arconic co (ArnC) perform in a quarter?

Arconic Co. (NYSE:ARNC) posted its quarterly earnings results on Monday, July, 31st. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. The basic materials company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.05 billion.

What is Arconic's stock buyback program?

Arconic announced that its board has authorized a stock buyback program on Wednesday, November 16th 2022, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.9% of its shares through open market purchases.