We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Allegheny Technologies (ATI) Stock Moves -0.13%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Allegheny Technologies (ATI - Free Report) ending at $52.27, denoting a -0.13% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.33%.
Coming into today, shares of the maker of steel and specialty metals had lost 14.78% in the past month. In that same time, the Basic Materials sector lost 0.38%, while the S&P 500 lost 7.48%.
The investment community will be paying close attention to the earnings performance of Allegheny Technologies in its upcoming release. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 20.83% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 1.51% escalation compared to the year-ago quarter.
ATI's full-year Zacks Consensus Estimates are calling for earnings of $2.89 per share and revenue of $4.57 billion. These results would represent year-over-year changes of +17.48% and +4.68%, respectively.
It is also important to note the recent changes to analyst estimates for Allegheny Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Allegheny Technologies is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Allegheny Technologies is holding a Forward P/E ratio of 18.11. This valuation marks a premium compared to its industry's average Forward P/E of 13.63.
It's also important to note that ATI currently trades at a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Steel - Speciality stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Steel - Speciality industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Allegheny Technologies (ATI) Stock Moves -0.13%: What You Should Know
The latest trading session saw Allegheny Technologies (ATI - Free Report) ending at $52.27, denoting a -0.13% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.33%.
Coming into today, shares of the maker of steel and specialty metals had lost 14.78% in the past month. In that same time, the Basic Materials sector lost 0.38%, while the S&P 500 lost 7.48%.
The investment community will be paying close attention to the earnings performance of Allegheny Technologies in its upcoming release. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 20.83% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 1.51% escalation compared to the year-ago quarter.
ATI's full-year Zacks Consensus Estimates are calling for earnings of $2.89 per share and revenue of $4.57 billion. These results would represent year-over-year changes of +17.48% and +4.68%, respectively.
It is also important to note the recent changes to analyst estimates for Allegheny Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Allegheny Technologies is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Allegheny Technologies is holding a Forward P/E ratio of 18.11. This valuation marks a premium compared to its industry's average Forward P/E of 13.63.
It's also important to note that ATI currently trades at a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Steel - Speciality stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Steel - Speciality industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.