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Allegheny Technologies Earnings Estimate

ATI Stock  USD 50.92  0.71  1.41%   
The next projected EPS of Allegheny Technologies is estimated to be 0.41 with future projections ranging from a low of 0.37 to a high of 0.45. Allegheny Technologies' most recent 12-month trailing earnings per share (EPS TTM) is at 2.81. Please be aware that the consensus of earnings estimates for Allegheny Technologies Incorporated is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
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Allegheny Technologies is projected to generate 0.41 in earnings per share on the 31st of March 2024. Allegheny Technologies earnings estimates module stress-tests analyst consensus about projected Allegheny Technologies Incorporated EPS (Earning Per Share) to derive its highest and lowest estimates based on its historical volatility. Many public companies, such as Allegheny Technologies, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm. By analyzing Allegheny Technologies' earnings estimates, investors can diagnose different trends across Allegheny Technologies' analyst sentiment over time as well as compare current estimates against different timeframes. As of now, Allegheny Technologies' Pretax Profit Margin is decreasing as compared to previous years. The Allegheny Technologies' current Net Profit Margin is estimated to increase to 0.06, while Gross Profit is projected to decrease to under 460.2 M.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Allegheny Technologies Earnings Estimation Breakdown

The calculation of Allegheny Technologies' earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Allegheny Technologies is estimated to be 0.41 with the future projection ranging from a low of 0.37 to a high of 0.45. Please be aware that this consensus of annual earnings estimates for Allegheny Technologies Incorporated is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
0.64
0.37
Lowest
Expected EPS
0.41
0.45
Highest

Allegheny Technologies Earnings Projection Consensus

Suppose the current estimates of Allegheny Technologies' value are higher than the current market price of the Allegheny Technologies stock. In this case, investors may conclude that Allegheny Technologies is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Allegheny Technologies' stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
996.51%
0.64
0.41
2.81

Allegheny Technologies Earnings per Share Projection vs Actual

Actual Earning per Share of Allegheny Technologies refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Allegheny Technologies Incorporated predict the company's earnings will be in the future. The higher the earnings per share of Allegheny Technologies, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Allegheny Technologies Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Allegheny Technologies, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Allegheny Technologies should always be considered in relation to other companies to make a more educated investment decision.

Allegheny Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Allegheny Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-02-01
2023-12-310.620.640.02
2023-11-02
2023-09-300.530.550.02
2023-08-02
2023-06-300.550.590.04
2023-05-04
2023-03-310.480.490.01
2023-02-02
2022-12-310.520.530.01
2022-11-02
2022-09-300.520.530.01
2022-08-04
2022-06-300.370.540.1745 
2022-05-04
2022-03-310.20.420.22110 
2022-02-02
2021-12-310.10.250.15150 
2021-10-28
2021-09-30-0.020.050.07350 
2021-08-03
2021-06-30-0.2-0.120.0840 
2021-04-29
2021-03-31-0.24-0.060.1875 
2021-01-28
2020-12-31-0.36-0.330.03
2020-10-29
2020-09-30-0.6-0.380.2236 
2020-08-04
2020-06-30-0.12-0.020.183 
2020-05-05
2020-03-310.10.20.1100 
2020-02-04
2019-12-310.320.360.0412 
2019-10-31
2019-09-300.320.330.01
2019-07-23
2019-06-300.340.40.0617 
2019-04-23
2019-03-310.120.120.0
2019-01-22
2018-12-310.340.31-0.03
2018-10-23
2018-09-300.390.37-0.02
2018-07-24
2018-06-300.360.520.1644 
2018-04-24
2018-03-310.240.320.0833 
2018-01-23
2017-12-310.10.270.17170 
2017-10-24
2017-09-30-0.06-0.07-0.0116 
2017-07-25
2017-06-300.070.090.0228 
2017-04-25
2017-03-310.110.160.0545 
2017-01-24
2016-12-31-0.11-0.040.0763 
2016-10-25
2016-09-30-0.1-0.21-0.11110 
2016-07-26
2016-06-30-0.37-0.210.1643 
2016-04-26
2016-03-31-0.56-0.58-0.02
2016-01-26
2015-12-31-0.47-0.56-0.0919 
2015-10-20
2015-09-30-0.36-0.290.0719 
2015-07-21
2015-06-300.04-0.15-0.19475 
2015-04-21
2015-03-310.10.09-0.0110 
2014-10-21
2014-09-30-0.050.180.23460 
2014-07-22
2014-06-300.01-0.03-0.04400 
2014-04-22
2014-03-31-0.07-0.17-0.1142 
2014-01-22
2013-12-31-0.19-0.080.1157 
2013-10-23
2013-09-30-0.26-0.27-0.01
2013-07-24
2013-06-300.10.04-0.0660 
2013-04-24
2013-03-310.090.07-0.0222 
2013-01-23
2012-12-310.140.180.0428 
2012-10-24
2012-09-300.390.32-0.0717 
2012-07-25
2012-06-300.540.5-0.04
2012-04-25
2012-03-310.490.560.0714 
2012-01-25
2011-12-310.540.37-0.1731 
2011-10-26
2011-09-300.610.630.02
2011-07-27
2011-06-300.720.7-0.02
2011-04-27
2011-03-310.50.590.0918 
2011-01-26
2010-12-310.30.15-0.1550 
2010-10-26
2010-09-300.050.050.0
2010-07-28
2010-06-300.370.36-0.01
2010-04-28
2010-03-310.240.240.0
2010-01-27
2009-12-310.230.360.1356 
2009-10-21
2009-09-300.030.01-0.0266 
2009-07-21
2009-06-300.030.030.0
2009-04-22
2009-03-31-0.010.060.07700 
2009-01-21
2008-12-310.871.150.2832 
2008-10-22
2008-09-301.381.450.07
2008-07-23
2008-06-301.541.550.01
2008-04-23
2008-03-311.481.4-0.08
2008-01-23
2007-12-311.411.450.04
2007-10-24
2007-09-301.861.880.02
2007-07-25
2007-06-301.942.00.06
2007-04-25
2007-03-311.831.920.09
2007-01-24
2006-12-311.611.630.02
2006-10-25
2006-09-301.361.580.2216 
2006-07-26
2006-06-301.131.370.2421 
2006-04-26
2006-03-310.71.00.342 
2006-01-25
2005-12-310.880.960.08
2005-10-12
2005-09-300.760.870.1114 
2005-07-27
2005-06-300.750.910.1621 
2005-04-21
2005-03-310.460.660.243 
2005-01-31
2004-12-310.340.350.01
2004-10-20
2004-09-300.050.090.0480 
2004-07-20
2004-06-30-0.22-0.170.0522 
2004-04-21
2004-03-31-0.59-0.63-0.04
2004-01-21
2003-12-31-0.35-0.43-0.0822 
2003-10-22
2003-09-30-0.34-0.320.02
2003-07-23
2003-06-30-0.3-0.32-0.02
2003-04-22
2003-03-31-0.34-0.320.02
2003-01-21
2002-12-31-0.11-0.13-0.0218 
2002-10-16
2002-09-30-0.04-0.040.0
2002-07-17
2002-06-30-0.07-0.09-0.0228 
2002-04-17
2002-03-31-0.13-0.14-0.01
2002-01-17
2001-12-310.020.020.0
2001-10-17
2001-09-300.10.10.0
2001-07-17
2001-06-300.10.120.0220 
2001-04-18
2001-03-310.090.08-0.0111 
2001-01-17
2000-12-310.320.320.0
2000-10-17
2000-09-300.480.520.04
2000-07-26
2000-06-300.460.530.0715 
2000-04-26
2000-03-310.350.470.1234 
2000-01-25
1999-12-310.260.22-0.0415 
1999-10-27
1999-09-300.380.40.02
1999-07-28
1999-06-300.670.66-0.01
1999-04-28
1999-03-310.640.660.02
1999-01-28
1998-12-310.710.780.07
1998-10-21
1998-09-300.620.660.04
1998-07-22
1998-06-300.80.80.0
1998-04-22
1998-03-310.80.7-0.112 
1998-01-21
1997-12-310.850.860.01
1997-10-22
1997-09-300.740.7-0.04
1997-07-23
1997-06-300.810.860.05
1997-04-23
1997-03-310.80.72-0.0810 
1997-01-22
1996-12-310.620.760.1422 
1996-10-23
1996-09-300.670.52-0.1522 
1996-07-23
1996-06-300.760.68-0.0810 
1996-04-23
1996-03-310.60.58-0.02

About Allegheny Technologies Earnings Estimate

The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Allegheny Technologies earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Allegheny Technologies estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Allegheny Technologies fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.
Last ReportedProjected for 2024
Retained Earnings-70.1 M-66.6 M
Retained Earnings Total Equity159.2 M151.2 M
Price Earnings Ratio 16.60  17.43 
Price Earnings To Growth Ratio 0.08  0.07 

Allegheny Technologies Investors Sentiment

The influence of Allegheny Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Allegheny. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Allegheny Technologies' public news can be used to forecast risks associated with an investment in Allegheny. The trend in average sentiment can be used to explain how an investor holding Allegheny can time the market purely based on public headlines and social activities around Allegheny Technologies Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Allegheny Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Allegheny Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Allegheny Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Allegheny Technologies.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allegheny Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allegheny Technologies' short interest history, or implied volatility extrapolated from Allegheny Technologies options trading.

Pair Trading with Allegheny Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegheny Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegheny Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegheny Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allegheny Technologies Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

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Is Allegheny Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
2.81
Revenue Per Share
32.582
Quarterly Revenue Growth
0.053
Return On Assets
0.0537
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.