ATI Inc reports results for the quarter ended in December - Earnings Summary

ATI

01/02/2024 14:32

* ATI Inc  ATI.N  reported quarterly adjusted earnings of 64
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 53
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 62 cents per share. Wall Street expected
results to range from 59 cents to 66 cents per share.
    * Revenue rose 5.3% to $1.06 billion from a year ago;
analysts
expected $1.05 billion. 
    * ATI Inc's reported EPS for the quarter was 99 cents​.
    * The company reported quarterly net income of $145.7
million.
    * ATI Inc shares had fallen by 10.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for ATI Inc is $53.00
This summary was machine generated from LSEG data February 1 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.62           0.64           Beat
 Sep. 30 2023      0.53           0.55           Beat
 Jun. 30 2023      0.55           0.59           Beat
 Mar. 31 2023      0.48           0.49           Beat