ATI Inc reports results for the quarter ended March 31 - Earnings Summary

• ATI Inc ATI.N reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 48 cents. The mean expectation of eleven analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 55 cents to 62 cents per share.

• Revenue rose 9.7% to $1.14 billion from a year ago; analysts expected $1.09 billion.

• ATI Inc's reported EPS for the quarter was 67 cents​.

• The company reported quarterly net income of $100.5 million.

• ATI Inc shares had risen by 4.5% this quarter and lost 1.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for ATI Inc is $73.00

This summary was machine generated from LSEG data May 1 at 01:12 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)