In the latest close session, ATI (ATI) was down 3.8% at $156.83. This move lagged the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 1.6%.
The maker of steel and specialty metals's shares have seen an increase of 9.54% over the last month, surpassing the Aerospace sector's gain of 1.89% and the S&P 500's gain of 5.15%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company plans to announce its earnings on April 30, 2026. On that day, ATI is projected to report earnings of $0.88 per share, which would represent year-over-year growth of 22.22%. Our most recent consensus estimate is calling for quarterly revenue of $1.19 billion, up 3.65% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.18 per share and a revenue of $4.96 billion, signifying shifts of +29.01% and +8.21%, respectively, from the last year.
Any recent changes to analyst estimates for ATI should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.06% rise in the Zacks Consensus EPS estimate. ATI presently features a Zacks Rank of #3 (Hold).
Looking at valuation, ATI is presently trading at a Forward P/E ratio of 38.96. This represents a premium compared to its industry average Forward P/E of 37.67.
Meanwhile, ATI's PEG ratio is currently 1.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.72 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 158, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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ATI Inc. (ATI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).