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

ATI

04/05/2023 15:55

* ATI Inc  ATI.N  reported quarterly adjusted earnings of 49
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of 48 cents per share.
    * Revenue rose 24.5% to $1.04 billion from a year ago;
analysts
expected $1.01 billion. 
    * ATI Inc's reported EPS for the quarter was 48 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * ATI Inc shares had fallen by 3.7% this quarter and
gained 27.3%
so far this year.
    * The company reported quarterly net income of $70.1
million.
    * Wall Street's median 12-month price target for ATI Inc is
$46.00
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 02:55 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.48           0.49           Beat
 Dec. 31 2022      0.52           0.53           Beat
 Sep. 30 2022      0.52           0.53           Beat
 Jun. 30 2022      0.37           0.54           Beat