ATI Inc. (ATI) Hits Fresh High: Is There Still Room to Run?

Company Performance - ATI shares have increased by 20.3% over the past month, reaching a new 52-week high of $122.57 [1] - Year-to-date, ATI has gained 4.5%, while the Zacks Aerospace sector and the Zacks Aerospace - Defense Equipment industry have seen gains of 35% and 38.4%, respectively [1] Earnings and Revenue Projections - For the current fiscal year, ATI is expected to report earnings of $3.95 per share on revenues of $4.6 billion, representing a year-over-year change of 23.6% [3] - For the next fiscal year, earnings are projected to be $4.75 per share on revenues of $4.98 billion, indicating an 8.14% year-over-year change [3] Valuation Metrics - ATI has a Value Score of C, a Growth Score of C, and a Momentum Score of A, resulting in a VGM Score of B [6] - The stock trades at 30.3X current fiscal year EPS estimates, below the peer industry average of 35.4X, and at 33.8X on a trailing cash flow basis compared to the peer group's average of 31.4X [7] Zacks Rank - ATI holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The company meets the criteria for stocks with Zacks Rank of 1 or 2 and Style Scores of A or B, suggesting potential for further gains [8] Industry Comparison - The Aerospace - Defense Equipment industry is positioned in the top 29% of all industries, indicating favorable conditions for ATI and its peers [11] - Moog Inc. (MOG.A), a competitor, also has a Zacks Rank of 2 (Buy) and strong earnings performance, suggesting a competitive landscape [9][10]