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In the latest trading session, ATI (ATI - Free Report) closed at $188.36, marking a +1.49% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.81%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 1.3%.
Shares of the maker of steel and specialty metals witnessed a gain of 1.22% over the previous month, trailing the performance of the Aerospace sector with its gain of 2.62%, and outperforming the S&P 500's gain of 1.13%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company is predicted to post an EPS of $1.03, indicating a 39.19% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.22 billion, reflecting a 7.16% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.47 per share and a revenue of $5 billion, signifying shifts of +37.96% and +8.98%, respectively, from the last year.
Any recent changes to analyst estimates for ATI should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 has moved 0.87% higher within the past month. ATI currently has a Zacks Rank of #2 (Buy).
Investors should also note ATI's current valuation metrics, including its Forward P/E ratio of 41.52. This represents a premium compared to its industry average Forward P/E of 37.78.
We can also see that ATI currently has a PEG ratio of 1.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.38 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 52, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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ATI (ATI) Rises Higher Than Market: Key Facts
In the latest trading session, ATI (ATI - Free Report) closed at $188.36, marking a +1.49% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.81%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 1.3%.
Shares of the maker of steel and specialty metals witnessed a gain of 1.22% over the previous month, trailing the performance of the Aerospace sector with its gain of 2.62%, and outperforming the S&P 500's gain of 1.13%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company is predicted to post an EPS of $1.03, indicating a 39.19% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.22 billion, reflecting a 7.16% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.47 per share and a revenue of $5 billion, signifying shifts of +37.96% and +8.98%, respectively, from the last year.
Any recent changes to analyst estimates for ATI should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 has moved 0.87% higher within the past month. ATI currently has a Zacks Rank of #2 (Buy).
Investors should also note ATI's current valuation metrics, including its Forward P/E ratio of 41.52. This represents a premium compared to its industry average Forward P/E of 37.78.
We can also see that ATI currently has a PEG ratio of 1.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.38 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 52, positioning it in the top 22% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.