Allegheny Technologies (ATI) Outperforms Broader Market: What You Need to Know

Company Performance - Allegheny Technologies (ATI) closed at $53.09, reflecting a +1.22% change from the previous session, outperforming the S&P 500's gain of 0.74% [1] - Over the last month, ATI shares decreased by 0.55%, which is better than the Basic Materials sector's loss of 2.61% and the S&P 500's loss of 4.77% [1] Upcoming Financial Results - The company is set to announce its earnings on May 1, 2025, with an expected EPS of$ 0.58, representing a 20.83% increase from the prior-year quarter [2] - Revenue is projected to be $1.06 billion, indicating a 1.98% increase compared to the same quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at$ 2.88 per share and revenue at $4.58 billion, showing changes of +17.07% and +5.01% respectively from the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for the company's business [3] Valuation Metrics - ATI is currently trading at a Forward P/E ratio of 18.18, which is a premium compared to the industry average of 12.82 [6] - The company has a PEG ratio of 0.79, compared to the average PEG ratio of 0.85 for the Steel - Specialty industry [6] Industry Context - The Steel - Specialty industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 237, placing it in the bottom 5% of over 250 industries [7] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [7]