Allegheny Technologies (ATI) Rises But Trails Market: What Investors Should Know

Stock Performance - Allegheny Technologies (ATI) stock closed at $57 10, reflecting a +1 08% increase from the previous trading day [1] - The stock underperformed compared to the S&P 500 (+1 83%), Dow (+1 65%), and Nasdaq (+2 45%) [1] - Over the past month, ATI stock rose by 2 24%, outperforming the Basic Materials sector (-6 01%) and the S&P 500 (-3 31%) [2] Earnings and Revenue Expectations - The company is scheduled to release its earnings report on February 4, 2025 [3] - Analysts expect earnings of$ 0 60 per share, marking a year-over-year decline of 6 25% [3] - Revenue is projected at $1 08 billion, reflecting a 1 83% increase compared to the same quarter last year [3] Valuation Metrics - ATI is currently trading at a Forward P/E ratio of 19 63, which is higher than the industry average of 14 81 [7] - The company has a PEG ratio of 1 51, compared to the industry average of 0 99 [7] Industry and Sector Analysis - The Steel - Specialty industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 12, placing it in the top 5% of all industries [9] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9] Analyst Sentiment and Revisions - ATI currently holds a Zacks Rank of 2 (Buy) [4] - Positive estimate revisions are seen as a sign of optimism about the company's business outlook [6] - The Zacks Rank system has a strong track record, with 1 stocks generating an average annual return of +25% since 1988 [4]