Allegheny Technologies (NYSE: ATI) is expected to report Q4 earnings on Jan. 23. 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 shrink -8.3% and EPS will decrease -48.4%.

The average estimate for revenue is $1.15 billion. On the bottom line, the average EPS estimate is $0.16.

Revenue details
 Last quarter, Allegheny Technologies chalked up revenue of $1.22 billion. GAAP reported sales were 9.8% lower 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, EPS came in at $0.32. GAAP EPS of $0.32 for Q3 were 43% lower than the prior-year quarter's $0.56 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 13.3%, 270 basis points worse than the prior-year quarter. Operating margin was 5.8%, 300 basis points worse than the prior-year quarter. Net margin was 2.9%, 170 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $5.08 billion. The average EPS estimate is $1.49.

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 $48.82.

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