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Allegheny Technologies (ATI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Allegheny Technologies (ATI - Free Report) reported $1.05 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 9%. EPS of $0.59 for the same period compares to $0.54 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +7.27%, with the consensus EPS estimate being $0.55.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allegheny Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- High Performance Materials & Components: $527.10 million versus $482.74 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +33.1% change.
Sales- Advanced Alloys & Solutions: $518.90 million versus the three-analyst average estimate of $555.59 million. The reported number represents a year-over-year change of -7.9%.
EBITDA- Advanced Alloys & Solutions: $63.20 million versus $83.32 million estimated by three analysts on average.
EBITDA- High Performance Materials & Components: $108.10 million compared to the $86.40 million average estimate based on three analysts.
Shares of Allegheny Technologies have returned +5.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Allegheny Technologies (ATI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Allegheny Technologies (ATI - Free Report) reported $1.05 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 9%. EPS of $0.59 for the same period compares to $0.54 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.05 billion, representing a surprise of -0.02%. The company delivered an EPS surprise of +7.27%, with the consensus EPS estimate being $0.55.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Allegheny Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- High Performance Materials & Components: $527.10 million versus $482.74 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +33.1% change.
- Sales- Advanced Alloys & Solutions: $518.90 million versus the three-analyst average estimate of $555.59 million. The reported number represents a year-over-year change of -7.9%.
- EBITDA- Advanced Alloys & Solutions: $63.20 million versus $83.32 million estimated by three analysts on average.
- EBITDA- High Performance Materials & Components: $108.10 million compared to the $86.40 million average estimate based on three analysts.
View all Key Company Metrics for Allegheny Technologies here>>>Shares of Allegheny Technologies have returned +5.2% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.