We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 -1.38%: What You Should Know
Read MoreHide Full Article
Allegheny Technologies (ATI - Free Report) closed at $27.96 in the latest trading session, marking a -1.38% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the maker of steel and specialty metals had lost 5.31% over the past month, lagging the Basic Materials sector's gain of 0.51% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Allegheny Technologies as it approaches its next earnings release. The company is expected to report EPS of $0.53, up 960% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $922.44 million, up 27.11% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $3.65 billion. These totals would mark changes of +1453.85% and +30.24%, respectively, from last year.
Any recent changes to analyst estimates for Allegheny Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Allegheny Technologies currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Allegheny Technologies's current valuation metrics, including its Forward P/E ratio of 14.03. This valuation marks a premium compared to its industry's average Forward P/E of 11.55.
The Steel - Speciality industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Allegheny Technologies (ATI) Stock Moves -1.38%: What You Should Know
Allegheny Technologies (ATI - Free Report) closed at $27.96 in the latest trading session, marking a -1.38% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the maker of steel and specialty metals had lost 5.31% over the past month, lagging the Basic Materials sector's gain of 0.51% and the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Allegheny Technologies as it approaches its next earnings release. The company is expected to report EPS of $0.53, up 960% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $922.44 million, up 27.11% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.02 per share and revenue of $3.65 billion. These totals would mark changes of +1453.85% and +30.24%, respectively, from last year.
Any recent changes to analyst estimates for Allegheny Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Allegheny Technologies currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Allegheny Technologies's current valuation metrics, including its Forward P/E ratio of 14.03. This valuation marks a premium compared to its industry's average Forward P/E of 11.55.
The Steel - Speciality industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.