Will These Numbers from Allegheny Technologies Be Good Enough for You?

Allegheny Technologies (NYSE: ATI  ) is expected to report Q3 earnings on Oct. 24. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Allegheny Technologies's revenues will decrease -3.6% and EPS will wither -38.1%.

The average estimate for revenue is $1.30 billion. On the bottom line, the average EPS estimate is $0.39.

Revenue details
Last quarter, Allegheny Technologies logged revenue of $1.36 billion. GAAP reported sales were 0.4% higher than the prior-year quarter's $1.35 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.66. GAAP EPS of $0.50 for Q2 were 15% lower than the prior-year quarter's $0.59 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 14.7%, 180 basis points worse than the prior-year quarter. Operating margin was 8.0%, 120 basis points worse than the prior-year quarter. Net margin was 4.2%, 50 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.33 billion. The average EPS estimate is $1.86.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allegheny Technologies is outperform, with an average price target of $56.73.

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