Benzinga | Aug 2, 2021 11:11AM EDT

Allegheny Technologies's Earnings Outlook

On Tuesday, August 03, Allegheny Technologies (NYSE:ATI) will release its latest earnings report. Benzinga's outlook for Allegheny Technologies is included in the following report.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Analysts covering Allegheny Technologies have modeled for quarterly EPS loss of $0.19 on revenue of $627.37 million. In the same quarter last year, Allegheny Technologies reported a loss per share of $0.02 on sales of $770.30 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 850.0% decline in the company's earnings. Sales would be down 18.56% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -0.24 -0.36 -0.60 -0.12EPS Actual -0.06 -0.33 -0.38 -0.02Revenue Estimate 638.31 M 603.99 M 627.10 M 755.09 MRevenue Actual 692.50 M 658.30 M 598.00 M 770.30 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

For a full 12 months, the return has risen by 130.53%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Allegheny Technologies is scheduled to hold the call at 08:30:00 ET and can be accessed here.