TECH - Will Allegheny Technologies Beat Estimates Again in Its Next Earnings Report? | Benzinga
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Allegheny Technologies (NYSE: ATI). This company, which is in the Zacks Steel - Speciality industry, shows potential for another earnings beat.
When looking at the last two reports, this maker of steel and specialty metals has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.15%, on average, in the last two quarters.
For the last reported quarter, Allegheny Technologies came out with earnings of $0.48 per share versus the Zacks Consensus Estimate of $0.41 per share, representing a surprise of 17.07%. For the previous quarter, the company was expected to post earnings of $0.62 per share and it actually ...