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.
ATI (ATI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
The upcoming report from ATI (ATI - Free Report) is expected to reveal quarterly earnings of $0.88 per share, indicating an increase of 22.2% compared to the year-ago period. Analysts forecast revenues of $1.19 billion, representing an increase of 3.6% year over year.
Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific ATI metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales- High Performance Materials & Components' will reach $646.60 million. The estimate indicates a year-over-year change of +10.7%.
Analysts' assessment points toward 'Sales- Advanced Alloys & Solutions' reaching $559.02 million. The estimate suggests a change of -0.2% year over year.
The collective assessment of analysts points to an estimated 'EBITDA- Advanced Alloys & Solutions' of $94.40 million. The estimate compares to the year-ago value of $83.40 million.
Analysts forecast 'EBITDA- High Performance Materials & Components' to reach $153.36 million. Compared to the present estimate, the company reported $131.00 million in the same quarter last year.
Over the past month, shares of ATI have returned +13.3% versus the Zacks S&P 500 composite's +12.8% change. Currently, ATI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
ATI (ATI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
The upcoming report from ATI (ATI - Free Report) is expected to reveal quarterly earnings of $0.88 per share, indicating an increase of 22.2% compared to the year-ago period. Analysts forecast revenues of $1.19 billion, representing an increase of 3.6% year over year.
Over the last 30 days, there has been a downward revision of 0.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific ATI metrics that are commonly monitored and projected by Wall Street analysts.
Analysts predict that the 'Sales- High Performance Materials & Components' will reach $646.60 million. The estimate indicates a year-over-year change of +10.7%.
Analysts' assessment points toward 'Sales- Advanced Alloys & Solutions' reaching $559.02 million. The estimate suggests a change of -0.2% year over year.
The collective assessment of analysts points to an estimated 'EBITDA- Advanced Alloys & Solutions' of $94.40 million. The estimate compares to the year-ago value of $83.40 million.
Analysts forecast 'EBITDA- High Performance Materials & Components' to reach $153.36 million. Compared to the present estimate, the company reported $131.00 million in the same quarter last year.
View all Key Company Metrics for ATI here>>>Over the past month, shares of ATI have returned +13.3% versus the Zacks S&P 500 composite's +12.8% change. Currently, ATI carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .