ATI Inc. reports results for the quarter ended September 30 - Earnings Summary

• ATI Inc. ATI.N reported quarterly adjusted earnings of $1.46​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of nine analysts for the quarter was for earnings of $1.37 per share. Wall Street expected results to range from $1.33 to $1.42 per share.

• Revenue rose 26.5% to $1.42 billion from a year ago; analysts expected $1.32 billion.

• ATI Inc.'s reported EPS for the quarter was $1.37​.

• The company reported quarterly net income of $189.8 million.

• ATI Inc. shares had fallen by 12.7% this quarter and gained 44.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $240.00, about 31.1% above its last closing price of $165.30

This summary was machine generated from LSEG data October 29 at 06:40 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)