Allegheny Technologies (NYS: ATI) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Allegheny Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share shrank.
Margins contracted across the board.
Allegheny Technologies reported revenue of $1.35 billion. The nine analysts polled by S&P Capital IQ foresaw revenue of $1.37 billion on the same basis. GAAP reported sales were 10% higher than the prior-year quarter's $1.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.56. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.48 per share on the same basis. GAAP EPS of $0.50 for Q1 were 7.4% lower than the prior-year quarter's $0.54 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.3%, 140 basis points worse than the prior-year quarter. Operating margin was 7.7%, 180 basis points worse than the prior-year quarter. Net margin was 4.2%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.44 billion. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $5.74 billion. The average EPS estimate is $2.79.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,038 members out of 1,097 rating the stock outperform, and 59 members rating it underperform. Among 302 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 294 give Allegheny Technologies a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allegheny Technologies is outperform, with an average price target of $60.67.
Worried about inflation? Interested in gold? Find out the best way to profit in both scenarios with a little-known company we profile in "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.
Add Allegheny Technologies to My Watchlist.
At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.