Allegheny Technologies Incorporated Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Allegheny Technologies Incorporated (NYSE:ATI) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. Allegheny Technologies is a global producer of specialty metals. Through its innovative technologies, the company offers a wide range of specialty metals solutions and products, which include titanium and titanium alloys, nickel-based and superalloys, etc.
Allegheny Technologies Incorporated Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 17 cents per share, a decline of 45.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 49 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 18 cents during the last month. Analysts are projecting profit to rise by 32.1% compared to last year’s $1.48.
Past Earnings Performance: The company has missed estimates in the last two quarters. In the third quarter, it missed the mark by 7 cents as a result of reporting net income of 32 cents against an estimate of profit of 39 cents per share. In the second quarter, the company fell short of forecasts by 4 cents.
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Here’s how Allegheny Technologies Incorporated traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: