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

ATI

06/08/2024 14:30

* ATI Inc  ATI.N  reported quarterly adjusted earnings of 60
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 59
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 58 cents per share. Wall Street expected
results to range from 55 cents to 60 cents per share.
    * Revenue rose 4.7% to $1.10 billion from a year ago;
analysts
expected $1.11 billion. 
    * ATI Inc's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $81.9
million.
    * ATI Inc shares had risen by 10.0% this quarter and
gained 34.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"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 $70.00
This summary was machine generated from LSEG data August 6 at
01:30 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
 Jun. 30 2024      0.58           0.60           Beat
 Mar. 31 2024      0.41           0.48           Beat
 Dec. 31 2023      0.62           0.64           Beat
 Sep. 30 2023      0.53           0.55           Beat