ATI (ATI) closed at $183.07 in the latest trading session, marking a -3.28% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq decreased by 0.02%.
Coming into today, shares of the maker of steel and specialty metals had gained 0.06% in the past month. In that same time, the Aerospace sector lost 4.05%, while the S&P 500 gained 0.67%.
Analysts and investors alike will be keeping a close eye on the performance of ATI in its upcoming earnings disclosure. The company's earnings report is set to go public on October 29, 2026. It is anticipated that the company will report an EPS of $1.36, marking a 60% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.32 billion, showing a 17.42% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.13 per share and revenue of $5.18 billion, which would represent changes of +58.33% and +12.91%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for ATI. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, the Zacks Consensus EPS estimate has moved 0.42% higher. Currently, ATI is carrying a Zacks Rank of #1 (Strong Buy).
With respect to valuation, ATI is currently being traded at a Forward P/E ratio of 36.9. Its industry sports an average Forward P/E of 31.25, so one might conclude that ATI is trading at a premium comparatively.
It's also important to note that ATI currently trades at a PEG ratio of 1.15. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ATI's industry had an average PEG ratio of 1.94 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many 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).