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

ATI

02/11/2023 13:34

* ATI Inc  ATI.N  reported quarterly adjusted earnings of 55
cents​​ per share for the quarter ended in September, 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 53 cents per share. Wall Street
expected results to range from 50 cents to 56 cents per share.
    * Revenue fell 0.6% to $1.03 billion from a year ago;
analysts
expected $1.03 billion. 
    * ATI Inc's reported EPS for the quarter was 52 cents​.
    * The company reported quarterly net income of $75.7
million.
    * ATI Inc shares had fallen by 9.3% this quarter and
gained 25.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

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 $51.50
This summary was machine generated from LSEG data November 2 at
01:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.53           0.55           Beat
 Jun. 30 2023      0.55           0.59           Beat
 Mar. 31 2023      0.48           0.49           Beat
 Dec. 31 2022      0.52           0.53           Beat