Allegheny Technologies (ATI) Q1 Earnings and Revenues Beat Estimates

Core Insights - Allegheny Technologies (ATI) reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.48 per share a year ago, representing an earnings surprise of 24.14% [1] - The company posted revenues of $1.14 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 7.60%, compared to $1.04 billion in the same quarter last year [2] - The stock has lost about 1.2% since the beginning of the year, while the S&P 500 has declined by 5.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $1.13 billion, and for the current fiscal year, it is $2.88 on revenues of $4.58 billion [7] - The estimate revisions trend for Allegheny Technologies is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Steel - Specialty industry, to which Allegheny Technologies belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Metallus, is expected to report a significant decline in earnings, with a projected EPS of $0.11, down 80.4% year-over-year, and revenues expected to be $254.3 million, down 20.9% from the previous year [9][10]