What Analyst Projections for Key Metrics Reveal About Allegheny Technologies (ATI) Q4 Earnings
Wall Street analysts expect Allegheny Technologies (ATI) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 17%. Revenues are expected to be $1.03 billion, up 1.9% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Allegheny Technologies metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Sales- High Performance Materials & Components' to come in at $549.82 million. The estimate points to a change of +23.3% from the year-ago quarter.
It is projected by analysts that the 'Sales- Advanced Alloys & Solutions' will reach $509.45 million. The estimate indicates a change of -9.8% from the prior-year quarter.
According to the collective judgment of analysts, 'EBITDA- Advanced Alloys & Solutions' should come in at $61.57 million. Compared to the present estimate, the company reported $72.10 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'EBITDA- High Performance Materials & Components' of $116.28 million. The estimate compares to the year-ago value of $81.80 million.
View all Key Company Metrics for Allegheny Technologies here>>>
Allegheny Technologies shares have witnessed a change of -9.5% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #5 (Strong Sell), ATI is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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