Allegheny Technologies (ATI) Increases Despite Market Slip: Here's What You Need to Know

Allegheny Technologies (ATI) closed at $54.23 in the latest trading session, marking a +0.04% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.09%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw a decrease of 0.1%.Coming into today, shares of the maker of steel and specialty metals had lost 6.57% in the past month. In that same time, the Basic Materials sector lost 7.73%, while the S&P 500 lost 0.29%.Market participants will be closely following the financial results of Allegheny Technologies in its upcoming release. The company's earnings per share (EPS) are projected to be $0.59, reflecting a 7.81% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.09 billion, up 1.98% from the year-ago period.For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.27 per share and a revenue of $4.31 billion, signifying shifts of -11.33% and +3.19%, respectively, from the last year.Investors should also note any recent changes to analyst estimates for Allegheny Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Allegheny Technologies holds a Zacks Rank of #4 (Sell).Valuation is also important, so investors should note that Allegheny Technologies has a Forward P/E ratio of 23.86 right now. This denotes a premium relative to the industry's average Forward P/E of 23.23.Meanwhile, ATI's PEG ratio is currently 1.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Steel - Speciality industry currently had an average PEG ratio of 1.55 as of yesterday's close.The Steel - Speciality industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 36% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks