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

ATI

02/08/2023 14:32

* ATI Inc  ATI.N  reported quarterly adjusted earnings of 59
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for earnings of
55 cents per share.
    * Revenue rose 9% to $1.05 billion from a year ago; analysts
expected $1.07 billion. 
    * ATI Inc's reported EPS for the quarter was 52 cents​.
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * ATI Inc shares had risen by 6.1% this quarter and
gained 57.1%
so far this year.
    * The company reported quarterly net income of $76 million.
    * Wall Street's median 12-month price target for ATI Inc is
$50.00
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.55           0.59           Beat
 Mar. 31 2023      0.48           0.49           Beat
 Dec. 31 2022      0.52           0.53           Beat
 Sep. 30 2022      0.52           0.53           Beat