Core Viewpoint - Allegheny Technologies (ATI) is set to release its earnings report on February 4, 2025, with expectations of a slight decline in EPS and a modest increase in revenue compared to the previous year [2]. Group 1: Stock Performance - ATI's stock closed at 0.60, indicating a 6.25% decrease from the same quarter last year [2]. - The Zacks Consensus Estimate projects net sales of $1.08 billion, which is a 1.83% increase from the year-ago period [2]. Group 3: Analyst Estimates - Recent changes in analyst estimates for ATI suggest a positive outlook on the company's business operations and profit generation capabilities [3]. - The Zacks Rank system, which reflects these estimate changes, provides a rating system that can help investors make informed decisions [4]. Group 4: Zacks Rank and Valuation - Currently, ATI holds a Zacks Rank of 3 (Hold), with a recent downward shift of 0.23% in the Consensus EPS estimate over the past month [5]. - ATI has a Forward P/E ratio of 20.54, which is higher than the industry's Forward P/E of 14.17, indicating a premium valuation [6]. - The company has a PEG ratio of 1.57, compared to the Steel - Specialty industry's average PEG ratio of 1 [6]. Group 5: Industry Context - The Steel - Specialty industry, part of the Basic Materials sector, has a Zacks Industry Rank of 51, placing it in the top 21% of over 250 industries [7]. - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7].
Why Allegheny Technologies (ATI) Dipped More Than Broader Market Today