Tomorrow after the close, Alcoa (NYSE:AA) will start the earnings season when it reports its Q1 results.Analysts are expecting earnings per share of a loss of $0.04 and revenues of $5.77 billion.Alcoa (NYSE:AA) has potential upside of 22.5% based on a current price of $9.6 and an average consensus analyst price target of $11.76.Alcoa is currently below its 50-day moving average (MA) of $10.22 and below its 200-day MA of $11.12.