Allegheny Technologies Incorporated (NYSE:ATI) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ATI to report 3Q20 loss of $ 0.6 per share.
For the full year, analysts anticipate top line of $ 3044.45 million, while looking forward to loss of $ 0.77 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.75 ~ $ 0.90 per share
Click Here For More Historical Outlooks Of Allegheny Technologies Incorporated
Previous Quarter Performance
Allegheny Technologies Incorporated announced loss for the second quarter of $ 0.02 per share, from the revenue of $ 770.30 million. The quarterly revenues decreased 28.70 percent compared with the same quarter last year. According to street consensus, ATI was expected to report 2Q20 loss of $ 0.12 per share from revenue of $ 755.09 million. The bottom line results beat street analysts by $ 0.1 or 83.33 percent, at the same time, top line results outshined analysts by $ 15.21 million or 2.01 percent.
Stock Performance
Shares of Allegheny Technologies Incorporated traded low $ -0.60 or -6.76 percent on Wednesday, reaching $ 8.27 with volume of 2.55 million shares. Allegheny Technologies Incorporated has traded high as $ 8.72 and has cracked $ 8.24 on the downward trend
According to the previous trading day, closing price of $ 8.27, representing a 79.19 % increase from the 52 week low of $ 4.95 and a 63.3 % decrease over the 52 week high of $ 24.17.
The company has a market capital of $ 1.05 billion and is part of the Industrial Goods sector and Metal Fabrication industry.
Conference Call
Allegheny Technologies Incorporated will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.atimetals.com
Allegheny Technologies Incorporated manufactures and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials & Components, and Flat-Rolled Products. The High Performance Materials & Components segment produces high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium; powder alloys; and other specialty materials in long product forms of ingots, billets, bars, rods, wires, and shapes and rectangles, as well as seamless tubes, plus precision forgings, castings, components, and machined parts.
