Atkore Inc. (ATKR) Surpasses Q1 Earnings Estimates

Core Viewpoint - Atkore Inc. reported quarterly earnings of $1.63 per share, exceeding the Zacks Consensus Estimate of$ 1.50 per share, but down from $4.12 per share a year ago, indicating a significant year-over-year decline in earnings [1][2] Financial Performance - The company posted revenues of$ 661.6 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.52% and down from $798.48 million year-over-year [2] - Over the last four quarters, Atkore has surpassed consensus EPS estimates two times and topped consensus revenue estimates only once [2] Stock Performance - Atkore shares have declined approximately 4.5% since the beginning of the year, contrasting with the S&P 500's gain of 1.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it is expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 2.04 on revenues of $744 million, and for the current fiscal year, it is$ 8.30 on revenues of $2.98 billion [7] - The trend of estimate revisions for Atkore is mixed, which could change following the recent earnings report [6] Industry Context - The Wire and Cable Products industry, to which Atkore belongs, is currently ranked in the top 11% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Atkore's stock performance [5]