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ATI (ATI) Gains As Market Dips: What You Should Know
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In the latest close session, ATI (ATI - Free Report) was up +2.17% at $199.84. The stock's change was more than the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Heading into today, shares of the maker of steel and specialty metals had lost 1.01% over the past month, outpacing the Aerospace sector's loss of 3.53% and lagging the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company plans to announce its earnings on August 6, 2026. In that report, analysts expect ATI to post earnings of $1.03 per share. This would mark year-over-year growth of 39.19%. Our most recent consensus estimate is calling for quarterly revenue of $1.22 billion, up 6.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $4.97 billion, representing changes of +38.58% and +8.4%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ATI. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.27% rise in the Zacks Consensus EPS estimate. Right now, ATI possesses a Zacks Rank of #2 (Buy).
Digging into valuation, ATI currently has a Forward P/E ratio of 43.58. This represents a premium compared to its industry average Forward P/E of 37.73.
It's also important to note that ATI currently trades at a PEG ratio of 1.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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ATI (ATI) Gains As Market Dips: What You Should Know
In the latest close session, ATI (ATI - Free Report) was up +2.17% at $199.84. The stock's change was more than the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Heading into today, shares of the maker of steel and specialty metals had lost 1.01% over the past month, outpacing the Aerospace sector's loss of 3.53% and lagging the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company plans to announce its earnings on August 6, 2026. In that report, analysts expect ATI to post earnings of $1.03 per share. This would mark year-over-year growth of 39.19%. Our most recent consensus estimate is calling for quarterly revenue of $1.22 billion, up 6.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $4.97 billion, representing changes of +38.58% and +8.4%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ATI. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.27% rise in the Zacks Consensus EPS estimate. Right now, ATI possesses a Zacks Rank of #2 (Buy).
Digging into valuation, ATI currently has a Forward P/E ratio of 43.58. This represents a premium compared to its industry average Forward P/E of 37.73.
It's also important to note that ATI currently trades at a PEG ratio of 1.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.