Allegheny Technologies (NYSE: ATI ) is expected to report Q1 earnings on April 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 wither -11.1% and EPS will decrease -70.0%.
The average estimate for revenue is $1.20 billion. On the bottom line, the average EPS estimate is $0.15.
Last quarter, Allegheny Technologies chalked up revenue of $1.10 billion. GAAP reported sales were 12% lower than the prior-year quarter's $1.25 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.18. GAAP EPS of $0.10 for Q4 were 66% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 11.3%, 220 basis points worse than the prior-year quarter. Operating margin was 3.0%, 270 basis points worse than the prior-year quarter. Net margin was 1.0%, 150 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.19 billion. The average EPS estimate is $1.41.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allegheny Technologies is outperform, with an average price target of $39.04.
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