ATI Inc (NYSE: ATI) has reported earnings for its first fiscal quarter (ending March 31) of $0.52 versus $0.66 for the same period a year ago — a decline of -21%. Relative to the consensus estimate of $0.64, this was a shortfall of $-0.12. For the latest four quarters through March 31, E.P.S. were $3.18 compared to $1.42 a year ago — an increase of 124%.
Recent Price Action
ATI Inc (NYSE: ATI) stock enjoyed a major increase of 15.0% on 4/30/24. The shares closed at $59.70. Moreover, trading volume in this advance was exceptionally high at 462% of normal. The stock has risen 20.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ATI is expected to continue to be a major Value Builder.
ATI has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ATI has a very low Appreciation Score of 11 but a good Power Rating of 71, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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