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Can Allegheny Technologies Beat These Numbers?

By Seth Jayson - Updated Apr 10, 2017 at 1:48PM

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Checking expectations

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.

Revenue details
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.

EPS details
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.

Recent performance
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.

Looking ahead

The full year's average estimate for revenue is $5.19 billion. The average EPS estimate is $1.41.

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 $39.04.

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Stocks Mentioned

Allegheny Technologies Incorporated Stock Quote
Allegheny Technologies Incorporated
ATI
$25.63 (-0.39%) $0.10

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