Published on 8 Jul 2022 on Zacks via Yahoo Finance
Allegheny Technologies (ATI) Gains As Market Dips: What You Should Know
Allegheny Technologies (ATI) closed at $21.91 in the latest trading session, marking a +1.53% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq lost 0.04%.
Prior to today's trading, shares of the maker of steel and specialty metals had lost 15.87% over the past month. This has was narrower than the Basic Materials sector's loss of 25.14% and lagged the S&P 500's loss of 6.03% in that time.
Wall Street will be looking for positivity from Allegheny Technologies as it approaches its next earnings report date. On that day, Allegheny Technologies is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 408.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $810.54 million, up 31.54% from the year-ago period.