Company Performance - Allegheny Technologies (ATI) closed at $55.45, down 1.23% from the previous day, underperforming the S&P 500's loss of 1.11% [1] - Over the past month, ATI shares have decreased by 6.62%, compared to the Basic Materials sector's decline of 8.24% and the S&P 500's increase of 0.4% [1] Earnings Projections - ATI is projected to report earnings of $0.59 per share, reflecting a year-over-year decline of 7.81% [2] - The consensus estimate for revenue is $1.09 billion, indicating a 1.98% increase from the same quarter last year [2] - For the annual period, earnings are anticipated to be $2.27 per share, down 11.33% year-over-year, with revenue expected to reach $4.27 billion, up 2.41% [6] Analyst Ratings - ATI currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The Zacks Rank system has shown that 1 stocks have contributed an average annual return of +25% since 1988 [3] Valuation Metrics - ATI has a Forward P/E ratio of 24.7, which is higher than the industry average Forward P/E of 22.36, suggesting that ATI is trading at a premium [4] - The company has a PEG ratio of 1.94, compared to the industry average PEG ratio of 1.49 [9] Industry Context - The Steel - Specialty industry, part of the Basic Materials sector, has a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries [9][10]
Here's Why Allegheny Technologies (ATI) Fell More Than Broader Market