Allegheny Technologies (ATI) stock rises, outperforming S&P 500, projected positive earnings

From Nasdaq: 2025-01-03 18:15:20

Allegheny Technologies (ATI) closed at $56.11, up 1.96% from the prior day, outperforming the S&P 500. The company’s stock has dropped 5.9% in the past month, surpassing the sector’s loss. Allegheny’s upcoming earnings report projects an EPS of $0.59 and revenue of $1.09 billion, with a Zacks Rank of #3 (Hold).

Investors should monitor Allegheny Technologies for potential stock performance. The company’s Forward P/E ratio is 19.12, higher than the industry average. ATI also has a PEG ratio of 1.5, indicating expected earnings growth. The Steel – Speciality industry ranks in the top 35% of all industries, showing promise for future performance.

Zacks experts have identified ATI as a potential high-growth stock. The company targets millennial and Gen Z audiences, with significant revenue generation. Despite market fluctuations, now may be an opportune time to invest in Allegheny Technologies. Download Zacks’ report for more insights on potential stocks set to double.



Read more at Nasdaq: Allegheny Technologies (ATI) Rises Higher Than Market: Key Facts