ATI Inc (NYSE: ATI) has reported earnings for its third fiscal quarter (ending September 30) of $0.59 versus $0.47 for the same period a year ago — an increase of 26%. This result exceeded the consensus estimate of $0.53 by $0.06. For the latest four quarters through September 30, E.P.S. were $2.33 compared to $0.20 a year ago — an increase of 1065%.
Recent Price Action
ATI Inc (NYSE: ATI) stock enjoyed a very large increase of 8.9% on 11/2/23. The shares closed at $40.65. Relative to the market the stock has been strong over the last nine months and has risen 11.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATI is expected to continue to be a major Value Builder.
ATI has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. ATI has a poor Appreciation Score of 15 but a good Power Rating of 79, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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