Allegheny Technologies (ATI) closed down 0.71% but outperformed S&P 500, upcoming earnings report.

From Nasdaq: 2025-01-24 18:15:21

Allegheny Technologies (ATI) closed at $58.56, down 0.71% from the previous day. The stock outperformed the S&P 500, which saw a 0.29% loss. ATI has shown a 5.06% gain in the past month, surpassing the Basic Materials sector and the S&P 500. The company is set to report earnings on February 4, 2025, with estimates of $0.60 EPS and $1.08 billion in revenue.

Analyst estimates for Allegheny Technologies have seen recent revisions, reflecting short-term trends. These changes can impact stock price performance, with the Zacks Rank providing actionable ratings. The Zacks Consensus EPS estimate for ATI has shifted 0.23% downward, and the company currently holds a Zacks Rank of #3 (Hold). Investors should also consider ATI’s Forward P/E ratio of 20.54, which is higher than the industry average of 14.17.

ATI’s PEG ratio stands at 1.57, indicative of its expected earnings growth rate. The Steel – Speciality industry, part of the Basic Materials sector, has an average PEG ratio of 1. This industry has a Zacks Industry Rank of 51, placing it in the top 21% of industries. Investors can monitor these metrics on Zacks.com for future trading sessions.

Zacks has identified a top semiconductor stock with significant growth potential in the AI, ML, and IoT sectors. Global semiconductor manufacturing is forecasted to grow from $452 billion in 2021 to $803 billion by 2028. This stock presents an opportunity for investors looking to capitalize on the expanding semiconductor market.



Read more at Nasdaq: Why Allegheny Technologies (ATI) Dipped More Than Broader Market Today