Allegheny Technologies Incorporated (NYSE:ATI) producer of specialty materials and components, is reporting second quarter earnings results on Tuesday 4th August 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.12 per share.
For the full year, analysts predict revenues of $ 3186.85 million, while looking forward to loss of $ 0.2 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.75 ~ $ 0.90 per share
Click Here For More Historical Outlooks Of Allegheny Technologies Incorporated
Previous Quarter Performance
Allegheny Technologies Incorporated revealed income for the first quarter of $ 0.20 per share, from the revenue of $ 955.50 million. The quarterly earnings escalated 66.67 percent compared with the same quarter last year. The consensus estimates are income of $ 0.11 per share from $ 936.72 million in revenue. The bottom line results beat street analysts by $ 0.09 or 81.82 percent, at the same time, top line results outshined analysts by $ 18.78 million or 2.00 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Allegheny Technologies Incorporated
Stock Performance
According to the previous trading day, closing price of ATI was $ 8.88, representing a 79.39 % increase from the 52 week low of $ 4.95 and a 63.26 % decrease over the 52 week high of $ 24.17.
The company has a market capital of $ 1.12 billion and is part of the Industrial Goods sector and Metal Fabrication industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”ATI” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 8th June 2020, downgraded by Bank of America to Underperform from Buy rating.
Conference Call
Allegheny Technologies Incorporated will be hosting a conference call at 8:30 AM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atimetals.com
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.
