Allegheny Technologies (NYSE: ATI) is expected to report Q2 earnings on July 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 -11.2% and EPS will wither -76.0%.

The average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.12.

Revenue details
 Last quarter, Allegheny Technologies reported revenue of $1.18 billion. GAAP reported sales were 13% 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 $0.09. GAAP EPS of $0.09 for Q1 were 82% lower than the prior-year quarter's $0.50 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 9.7%, 560 basis points worse than the prior-year quarter. Operating margin was 2.4%, 530 basis points worse than the prior-year quarter. Net margin was 0.8%, 340 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $4.86 billion. The average EPS estimate is $0.74.

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 $37.71.

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