Allegheny Technologies (ATI) stock fell by 0.69% due to weak performance

From NASDAQ.: 2024-09-13 18:00:19

Allegheny Technologies (ATI) closed at $61.77, down 0.69% from the previous day, underperforming the S&P 500. Shares fell 3.24% in the last month, lagging behind the Basic Materials sector. upcoming earnings predict an EPS of $0.66 and revenue of $1.13 billion, with annual estimates at $2.48 EPS and $4.48 billion revenue.

Analysts expect Allegheny Technologies to perform well. The Zacks Rank system, currently ranking ATI at #3 (Hold), has a track record of outperforming expectations. Key valuation metrics reveal a forward P/E ratio of 25.1, a premium compared to the industry’s average. Additionally, the PEG ratio stands at 1.52, higher than the industry average of 1.06.

Zacks names a #1 semiconductor stock poised for growth, catering to the increasing demand for AI and IoT. Global semiconductor manufacturing is projected to reach $803 billion by 2028. Investors can access the detailed report for free. Stay updated with stock-moving metrics on Zacks.com.



Read more at NASDAQ.: Allegheny Technologies (ATI) Stock Falls Amid Market Uptick: What Investors Need to Know