Nykredit A S purchased a new position in shares of ATI Inc. (NYSE:ATI – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,855 shares of the basic materials company’s stock, valued at approximately $760,000.
Other hedge funds also recently bought and sold shares of the company. Bank of Nova Scotia grew its stake in ATI by 92.9% in the 1st quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after acquiring an additional 224,949 shares in the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of ATI during the first quarter valued at approximately $1,009,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of ATI during the second quarter valued at approximately $129,773,000. Illinois Municipal Retirement Fund purchased a new stake in shares of ATI in the first quarter valued at approximately $1,106,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in ATI by 456.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 129,617 shares of the basic materials company’s stock worth $14,875,000 after purchasing an additional 106,343 shares in the last quarter.
Insider Activity In other news, Director David Morehouse sold 2,485 shares of ATI stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total value of $501,000.85. Following the transaction, the director owned 35,826 shares of the company’s stock, valued at $7,222,879.86. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy Harris sold 16,500 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the transaction, the vice president owned 130,187 shares of the company’s stock, valued at approximately $27,340,571.87. This trade represents a 11.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 136,280 shares of company stock worth $27,243,528. Corporate insiders own 0.98% of the company’s stock.
ATI Trading Down 0.1% Shares of NYSE:ATI opened at $210.52 on Tuesday. The company has a market capitalization of $28.67 billion, a PE ratio of 61.74, a P/E/G ratio of 1.28 and a beta of 1.01. The company has a current ratio of 2.33, a quick ratio of 1.14 and a debt-to-equity ratio of 0.91. ATI Inc. has a 12-month low of $74.45 and a 12-month high of $243.57. The business’s fifty day simple moving average is $202.39 and its 200-day simple moving average is $177.42. ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $0.74 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities research analysts predict that ATI Inc. will post 5.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets A number of equities research analysts have weighed in on the company. BTIG Research lifted their target price on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Susquehanna increased their price target on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $232.00.
Get Our Latest Report on ATI
ATI Company Profile (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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Here are three stocks with buy ranks and strong growth characteristics for investors to consider today September 8th:
Centene (CNC - Free Report) : This company, which today is a well-diversified healthcare company that primarily provides a set of services to government sponsored healthcare programs, while also serving under-insured and uninsured individuals through member-focused services, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days.
Centene has a PEG ratio of 0.42 compared with 1.48 for the industry. The company possesses a Growth Score of A.
National Energy Services Reunited (NESR - Free Report) : This company, which is one of the largest national oilfield services providers in the MENA and Asia Pacific regions, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.3% over the last 60 days.
National Energy Services Reunited has a PEG ratio of 0.33 compared with 0.57 for the industry. The company possesses a Growth Score of A.
ATI INC (ATI - Free Report) : This company, which is a diversified specialty materials producer, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 13.4% over the last 60 days.
ATI has a PEG ratio of 1.31 compared with 1.77 for the industry. The company possesses a Growth Score of B.
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. ATI (ATI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
ATI is a member of our Aerospace group, which includes 76 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ATI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ATI's full-year earnings has moved 15.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, ATI has gained about 78.2% so far this year. In comparison, Aerospace companies have returned an average of -4.7%. This shows that ATI is outperforming its peers so far this year.
Ducommun (DCO - Free Report) is another Aerospace stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 75%.
For Ducommun, the consensus EPS estimate for the current year has increased 4.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, ATI belongs to the Aerospace - Defense Equipment industry, a group that includes 36 individual companies and currently sits at #40 in the Zacks Industry Rank. On average, stocks in this group have lost 3.9% this year, meaning that ATI is performing better in terms of year-to-date returns. Ducommun is also part of the same industry.
ATI and Ducommun could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
ATI (ATI - Free Report) closed the most recent trading day at $204.54, moving +1.41% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 1.06%. On the other hand, the Dow registered a gain of 1.18%, and the technology-centric Nasdaq increased by 1.4%.
The maker of steel and specialty metals's stock has dropped by 1.67% in the past month, exceeding the Aerospace sector's loss of 7.66% and lagging the S&P 500's gain of 2.46%.
Analysts and investors alike will be keeping a close eye on the performance of ATI in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.3, reflecting a 52.94% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.3 billion, indicating a 15.68% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.84 per share and revenue of $5.11 billion, which would represent changes of +49.38% and +11.45%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for ATI. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 14.06% higher. As of now, ATI holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, ATI is currently exchanging hands at a Forward P/E ratio of 41.72. This indicates a premium in contrast to its industry's Forward P/E of 34.97.
We can also see that ATI currently has a PEG ratio of 1.3. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.13 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Key Takeaways ATI raised 2026 adjusted EBITDA, earnings and free cash flow guidance amid strong demand.Aerospace and defense Q2 sales rose 13%, while ATI's backlog climbed 18% to a record $4.4 billion.ATI's Q2 adjusted EBITDA jumped 37% as margins expanded 440 basis points to 22.6%. ATI Inc. (ATI - Free Report) is benefiting from investments in capacity expansion coupled with consistent demand growth in its key sectors. A raised outlook and margin expansion also boost investors’ confidence.
We are positive about ATI’s prospects and believe that the time is right for you to add the stock to the portfolio, as it looks promising and is poised to carry the momentum ahead.
Let's see what makes ATI stock an attractive investment option at the moment.
Positive Analyst Sentiment for ATI StockEarnings estimates for ATI have been going up over the past 60 days. The Zacks Consensus Estimate for 2026 has increased by 10.3%. The consensus estimate for 2027 has also been revised 10.8% upward over the same time frame. The favorable estimate revisions instill investor confidence in the stock.
The Zacks Consensus Estimate for ATI’s 2026 earnings is pegged at $4.84, suggesting a 49.4% increase from the previous year’s tally. Earnings are projected to increase by 22.7% in 2027.
Image Source: Zacks Investment Research
ATI’s Impressive Earnings Surprise HistoryATI has outpaced the Zacks Consensus Estimate in each of the trailing four quarters. In this time frame, it has delivered an earnings surprise of roughly 12.7%, on average.
ATI’s Superior Return on Equity (ROE)ROE is a measure of a company’s efficiency in utilizing shareholders’ funds. ROE for the trailing 12-months for ATI is 29.3%, above the industry’s level of 15.4%.
Image Source: Zacks Investment Research
Upbeat OutlookFor full-year 2026, ATI raised adjusted EBITDA guidance to $1.14-$1.2 billion from its previous outlook of $1.01-$1.06 billion. Adjusted earnings guidance was increased to $4.9-$5.18 per share from $4.2-$4.48 previously. The company also lifted its full-year adjusted free cash flow forecast to $550-$600 million from the earlier range of $465-$525 million. Management expects targeted investments and operational execution to increase available capacity as demand for aerospace and defense materials remains strong.
An OutperformerATI’s shares have gained 161.4% compared with the industry’s rise of 0.5% in the past year.
Image Source: Zacks Investment Research
Aerospace and Defense Strength Fuels GrowthATI continues to benefit from robust aerospace and defense demand, providing strong multi-year growth visibility. In the second quarter of 2026, aerospace and defense sales rose 13% year over year, while backlog reached a record $4.4 billion, up 18%. Jet-engine revenue increased 13%, with management expecting high-teens full-year growth.
Defense revenue surged 36% to a record high, supported by a renewed naval nuclear agreement through 2030 that is expected to more than double annual revenue versus the prior contract. ATI also expects mid- to high-single-digit airframe growth in 2026. ATI's content on next-generation engines is more than double that of legacy platforms, positioning the company to benefit from a higher number of newer aircraft platforms.
Margin Expansion and Capacity Investments Add UpsideATI's operational transformation is strengthening profitability. Second-quarter adjusted EBITDA jumped 37% year over year to $284.4 million, while margin expanded 440 basis points to 22.6%. The elevATIon program has increased throughput, while targeted titanium and nickel investments are expected to raise nickel capacity by 15-20% by early 2028 and support approximately $350 million of incremental annual nickel-based revenue. These initiatives, combined with a loyal customer base, position ATI for sustained earnings growth.
ATI’s Zacks Rank & Other Key PicksATI currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. (NOPMF - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Avient Corporation (AVNT - Free Report) .
While NOPMF currently sports a Zacks Rank #1, CRS and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pinned at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’sshares have gained 89.6% over the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 16.9% over the past year.
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, September 1:
Banco Macro S.A. (BMA - Free Report) : This banking products and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 60.6% over the last 60 days.
Banco Macro has a PEG ratio of 0.34 compared with 0.85 for the industry. The company possesses a Growth Score of B.
ATI Inc. (ATI - Free Report) : This specialty materials and components companycarries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.1% over the last 60 days.
ATI has a PEG ratio of 1.36 compared with 1.81 for the industry. The company possesses a Growth Score of B.
Sanmina Corporation (SANM - Free Report) : This manufacturing and aftermarket services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days.
Sanmina has a PEG ratio of 0.60 compared with 0.96 for the industry. The company possesses a Growth Score of B.
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Callan Family Office LLC acquired a new position in shares of ATI Inc. (NYSE:ATI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,926 shares of the basic materials company’s stock, valued at approximately $774,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signature Equity Partners LLC lifted its stake in shares of ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after buying an additional 123 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of ATI during the 2nd quarter worth about $30,000. Torren Management LLC bought a new stake in shares of ATI during the 4th quarter worth about $52,000. Summit Securities Group LLC acquired a new position in ATI in the 1st quarter valued at about $60,000. Finally, Hollencrest Capital Management grew its stake in ATI by 283.1% in the 1st quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock valued at $66,000 after buying an additional 334 shares during the last quarter.
Analyst Upgrades and Downgrades Several research analysts have weighed in on the stock. KeyCorp increased their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Wells Fargo & Company restated an “overweight” rating and set a $275.00 price objective on shares of ATI in a report on Monday, August 10th. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. BTIG Research upped their target price on ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus target price of $232.00.
Check Out Our Latest Report on ATI ATI Trading Up 1.4% ATI stock opened at $209.95 on Tuesday. ATI Inc. has a 52 week low of $73.00 and a 52 week high of $243.57. The company has a market capitalization of $28.59 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 1.25 and a beta of 0.98. The company’s 50-day simple moving average is $200.48 and its 200 day simple moving average is $172.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33.
ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, sell-side analysts anticipate that ATI Inc. will post 5.15 earnings per share for the current year.
Insider Activity In related news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares of the company’s stock, valued at $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 177,044 shares of company stock valued at $33,976,616 in the last three months. Insiders own 0.98% of the company’s stock.
ATI Company Profile (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
ATI (ATI - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ATI is quite a good fit in this regard, gaining 20.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 15.1% over the past four weeks ensures that the trend is still in place for the stock of this maker of steel and specialty metals.
Moreover, ATI is currently trading at 83.3% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ATI may not reverse anytime soon.
In addition to ATI, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?
Enter the Zacks Rank.
What is the Zacks Rank?A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."
The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
Institutional investors are the professionals who manage the trillions of dollars invested in mutual funds, investment banks, and hedge funds. Studies have shown that these investors can and do move the market due to the large amounts of money they invest with. Because of this, the market tends to move in the same direction as institutional investors.
These investors are known for designing valuation models that focus on earnings and earnings expectations in order to figure out the fair value of a company and its shares. If earnings estimates are raised, it puts a higher value on a company.
With these changes, institutional investors will act, usually buying stocks with rising estimates and selling those with falling estimates. An increase in earnings expectations can potentially lead to higher stock prices and bigger gains for the investor.
Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +23.8%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at ATI (ATI - Free Report) , which was added to the Zacks Rank #1 list on August 12, 2026. Dallas, TX-based ATI Inc. is a diversified global specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.38 to $4.81 per share. ATI also boasts an average earnings surprise of 12.7%.
Earnings are forecasted to see growth of 48.5% for the current fiscal year, and sales are expected to increase 11.5%.
ATI has been moving higher over the past four weeks as well, up 19.6% compared to the S&P 500's gain of 3.7%.
Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, ATI should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends ATI (ATI - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this maker of steel and specialty metals is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for ATI is 52%, investors should actually focus on the projected growth. The company's EPS is expected to grow 48.3% this year, crushing the industry average, which calls for EPS growth of 19.1%.
Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.
Right now, ATI has an S/TA ratio of 0.89, which means that the company gets $0.89 in sales for each dollar in assets. Comparing this to the industry average of 0.69, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And ATI looks attractive from a sales growth perspective as well. The company's sales are expected to grow 11.4% this year versus the industry average of 11.1%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for ATI. The Zacks Consensus Estimate for the current year has surged 14.7% over the past month.
Bottom LineATI has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that ATI is a potential outperformer and a solid choice for growth investors.
Key Takeaways ATI's $4.4B backlog rose 18% year over year, supporting revenue visibility in aerospace and defense.ATI plans to lift nickel capacity 15-20% by early 2028, targeting $350M in added annual nickel revenues.ATI raised 2026 adjusted EBITDA guidance to $1.135-$1.185B and adjusted EPS guidance to $4.90-$5.18. ATI Inc. (ATI - Free Report) shares have rallied 27.6% over the past three months.The company has also outperformed the Zacks Aerospace - Defense Equipment industry’s 5.6% decline and the S&P 500’s roughly 1.7% increase over the same period.
Image Source: Zacks Investment Research
Let's take a look at the factors driving ATI stock.
Record Backlog, Capacity Expansions & Raised Outlook Drive ATIATI's growth is being driven by strong demand across its core market segments, particularly aerospace and defense, supported by a record backlog. The backlog reached $4.4 billion at the end of the second quarter, up 18% year over year, providing strong revenue visibility as aircraft production and defense demand continue to expand.
Aerospace remains a key growth engine, with increasing production rates for aircraft and next-generation jet engines boosting demand for ATI's proprietary nickel-based superalloys, titanium products, forgings and specialty materials. The growing adoption of next-generation jet engines further strengthens this opportunity, as these platforms require higher content of advanced alloys per engine. Increasing defense opportunities and long-term customer agreements are also providing greater revenue visibility. The visibility is also underlined by optimistic outlook revisions in both segments.
ATI is further strengthening its position through targeted investments that expand existing capacity. Its nickel investments are targeted to raise nickel capacity by 15-20% by early 2028 from year-end 2025 levels and support about $350 million of incremental annual nickel-based revenues by 2028.
ATI's profitability has also improved sharply. Second-quarter adjusted EBITDA rose 37% year over year to $284 million, while the adjusted EBITDA margin expanded to 22.6% from 18.2% a year earlier.
The company also raised its full-year 2026 adjusted EBITDA guidance to $1.135-$1.185 billion from $1.01-$1.06 billion and increased adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48. Adjusted free cash flow guidance was also raised to $550-$600 million.
Operational improvements, structural changes in the portfolio, pricing gains and a richer product mix are helping ATI generate stronger incremental margins. These factors, along with the “elevATIon" program, are intended to increase productive output from existing assets. Together, these gains are expected to act as a catalyst to ATI’s upside growth momentum.
ATI’s Zacks Rank & Other Key Picks
ATI currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the Basic Materials space are Neo Performance Materials Inc. (NOPMF - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Avient Corporation (AVNT - Free Report) .
While NOPMF currently sports a Zacks Rank #1, CRS and AVNT carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NOPMF’s 2026 earnings is pinned at $1.4 per share, indicating a 185.71% year-over-year increase. NOPMF’sshares have gained 104% over the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2027 earnings is pegged at $12.92 per share, indicating a rise of 20.07% year over year. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.39%.
The Zacks Consensus Estimate for AVNT’s current-year earnings is pinned at $3.2 per share, indicating a 13.48% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 3.4%. AVNT’sshares have gained 18.6% over the past year.
Barrow Hanley Mewhinney & Strauss LLC acquired a new position in ATI Inc. (NYSE:ATI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 658,413 shares of the basic materials company’s stock, valued at approximately $129,773,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.48% of ATI at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its position in ATI by 8.1% during the first quarter. Royal Bank of Canada now owns 60,369 shares of the basic materials company’s stock valued at $3,140,000 after buying an additional 4,542 shares during the period. Goldman Sachs Group Inc. boosted its holdings in ATI by 49.4% in the first quarter. Goldman Sachs Group Inc. now owns 633,948 shares of the basic materials company’s stock worth $32,984,000 after purchasing an additional 209,480 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of ATI in the 2nd quarter valued at approximately $324,000. M&T Bank Corp bought a new position in shares of ATI in the second quarter valued at approximately $317,000. Finally, First Trust Advisors LP lifted its position in ATI by 4.9% during the 2nd quarter. First Trust Advisors LP now owns 197,214 shares of the basic materials company’s stock worth $17,028,000 after acquiring an additional 9,234 shares during the last quarter.
Insider Buying and Selling at ATI In other news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $179.07, for a total value of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. This trade represents a 21.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 177,044 shares of company stock valued at $33,976,616 over the last three months. 0.98% of the stock is currently owned by company insiders.
ATI Stock Down 0.1% ATI stock opened at $206.84 on Monday. ATI Inc. has a fifty-two week low of $71.94 and a fifty-two week high of $243.57. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. The company’s 50 day simple moving average is $200.19 and its 200 day simple moving average is $171.84. ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $0.74 EPS. ATI’s quarterly revenue was up 10.6% compared to the same quarter last year. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, sell-side analysts anticipate that ATI Inc. will post 5.15 EPS for the current year.
Analyst Upgrades and Downgrades A number of research analysts have recently commented on ATI shares. TD Cowen increased their price objective on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wells Fargo & Company reissued an “overweight” rating and issued a $275.00 target price on shares of ATI in a report on Monday, August 10th. Weiss Ratings upgraded shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, KeyCorp raised their price target on shares of ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. Based on data from MarketBeat.com, ATI currently has an average rating of “Buy” and an average target price of $232.00.
Get Our Latest Research Report on ATI
ATI Profile (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Recommended Stories Five stocks we like better than ATI VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI – Free Report).
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Allworth Financial LP purchased a new position in shares of ATI Inc. (NYSE:ATI – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,840 shares of the basic materials company’s stock, valued at approximately $560,000.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in shares of ATI by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after buying an additional 74 shares in the last quarter. Lido Advisors LLC raised its holdings in shares of ATI by 2.7% during the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after buying an additional 101 shares during the period. Signature Equity Partners LLC lifted its position in ATI by 208.5% during the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 123 shares in the last quarter. Activest Wealth Management lifted its position in ATI by 17.6% during the 4th quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 125 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in ATI by 2.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 140 shares during the period.
Insiders Place Their Bets In related news, CEO Kimberly A. Fields sold 24,845 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $231.19, for a total transaction of $5,743,915.55. Following the sale, the chief executive officer owned 100,719 shares in the company, valued at $23,285,225.61. This represents a 19.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 177,044 shares of company stock worth $33,976,616 in the last quarter. 0.98% of the stock is owned by corporate insiders.
ATI Stock Down 0.1% ATI stock opened at $206.84 on Monday. The firm has a market cap of $28.17 billion, a price-to-earnings ratio of 60.66, a PEG ratio of 1.25 and a beta of 0.98. ATI Inc. has a 1-year low of $71.94 and a 1-year high of $243.57. The firm has a fifty day moving average price of $200.19 and a two-hundred day moving average price of $171.84. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI (NYSE:ATI – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. ATI had a net margin of 10.09% and a return on equity of 29.27%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. Research analysts predict that ATI Inc. will post 5.15 EPS for the current year.
Wall Street Analyst Weigh In Several brokerages have issued reports on ATI. JPMorgan Chase & Co. increased their price objective on shares of ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Weiss Ratings raised ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 9th. Susquehanna boosted their price target on ATI from $215.00 to $265.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Zacks Research upgraded ATI from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, KeyCorp increased their price target on ATI from $211.00 to $258.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus price target of $232.00.
Read Our Latest Stock Report on ATI
About ATI (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Recommended Stories Five stocks we like better than ATI VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI – Free Report).
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about ATI (ATI - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
ATI currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the 11 recommendations that derive the current ABR, 11 are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for ATI
Check price target & stock forecast for ATI here>>>
The ABR suggests buying ATI, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks RankIn spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is ATI Worth Investing In?Looking at the earnings estimate revisions for ATI, the Zacks Consensus Estimate for the current year has increased 14.7% over the past month to $4.81.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for ATI. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for ATI may serve as a useful guide for investors.
MEXICO CITY, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroméxico, S.A.B. de C.V. (“Aeroméxico”) (NYSE: AERO; BMV: AERO) announced that today the U.S. Court of Appeals for the Eleventh Circuit ruled in favor of Aeromexico and Delta Air Lines, Inc. and vacated the U.S. Department of Transportation’s order terminating approval of the Aeromexico-Delta joint venture and its antitrust immunity.
As a result, the joint venture and its antitrust immunity remain in effect, allowing Aeromexico and Delta to continue providing enhanced connectivity, a broader network, more convenient service options and increased competition for customers traveling between Mexico and the United States.
Aeromexico is reviewing the Court’s opinion and potential next steps with Delta and its legal advisors and will keep the market informed of any material developments going forward.
About Grupo Aeroméxico
Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, has its main hub at Terminal 2 of Mexico City International Airport. Its destination network reaches Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as Embraer 190 aircraft. Aeroméxico is a founding member of SkyTeam, an alliance that celebrates its 25th anniversary and offers connectivity in more than 145 countries through its 18 member airlines.
www.aeromexico.com
www.skyteam.com
Forward-Looking Statements
This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, which reflect the current views and/or expectations of the Company and its management regarding its performance, business and future events. We use words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “target,” “estimates,” “projects,” “predicts,” “guidance,” “forecast,” “outlook” and other similar expressions to identify such statements. These statements are subject to various risks, uncertainties and assumptions. Several factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Such factors include, among others: external risks, security concerns, health threats, accidents, global instability, security breaches, terrorism and natural disasters; economic conditions in Mexico and internationally and their impact on customer travel behavior; volatility in the fuel market; the Company’s ability to meet its financial obligations, obtain financing and maintain liquidity; its ability to attract and retain key personnel; dependence on aircraft manufacturers and other suppliers; aircraft maintenance and utilization costs; changes in airport fees; air traffic congestion; the competitive environment of the aviation industry; and other factors described in the “Risk Factors” section of the Company’s final prospectus dated November 5, 2025 relating to its initial public offering, as well as in other documents filed with or furnished to the SEC. Forward-looking statements are based on information available at the time they are made and on management’s good-faith belief regarding future events. The Company undertakes no obligation to update or revise such statements. Likewise, the Company assumes no obligation to inform the market, through official announcements, of future purchases of shares by its directors and officers, except as required by applicable law.
The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. ATI (ATI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Aerospace sector should help us answer this question.
ATI is one of 76 individual stocks in the Aerospace sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. ATI is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATI's full-year earnings has moved 16.2% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, ATI has gained about 97.3% so far this year. Meanwhile, stocks in the Aerospace group have gained about 7.5% on average. This means that ATI is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Rocket Lab Corporation (RKLB - Free Report) . The stock is up 13.5% year-to-date.
In Rocket Lab Corporation's case, the consensus EPS estimate for the current year increased 14.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ATI is a member of the Aerospace - Defense Equipment industry, which includes 36 individual companies and currently sits at #33 in the Zacks Industry Rank. On average, this group has gained an average of 9% so far this year, meaning that ATI is performing better in terms of year-to-date returns. Rocket Lab Corporation is also part of the same industry.
Investors with an interest in Aerospace stocks should continue to track ATI and Rocket Lab Corporation. These stocks will be looking to continue their solid performance.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 18th:
Centene (CNC - Free Report) : This company, which today is a well-diversified healthcare company that primarily provides a set of services to government sponsored healthcare programs, while also serving under-insured and uninsured individuals through member-focused services, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 40.9% over the last 60 days.
Centene has a PEG ratio of 0.34 compared with 1.29 for the industry. The company possesses a Growth Score of A.
ATI INC (ATI - Free Report) : This company, which is a diversified specialty materials producer, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.6% over the last 60 days.
ATI has a PEG ratio of 1.50 compared with 2 for the industry. The company possesses a Growth Score of B.
monday.com (MNDY - Free Report) : This company, which provides an open platform which democratizes the power of software so organizations can easily build software applications and work management tools to fit their every need, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.9% over the last 60 days.
monday.com has a PEG ratio of 0.87 compared with 12.25 for the industry. The company possesses a Growth Score of B.
See the full list of top ranked stocks here.
Learn more about the Growth score and how it is calculated here.
Empowered Funds LLC increased its position in shares of ATI Inc. (NYSE: ATI) by 304.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,970 shares of the basic materials company's stock after buying an additional 42,136 shares during the quarter. Empowered
ATI Inc. delivered a standout Q2, with 11% sales growth, 37% EBITDA growth, and a 440-basis-point margin expansion. AA&S has emerged as a durable, high-margin earnings engine, fundamentally improving ATI's earnings quality and balance. Management raised 2026 guidance across all major metrics, with EBITDA and EPS midpoints up 12% and 16%, respectively.
Key Takeaways ATI's Q2 sales rose 10.6% as aerospace and defense demand, pricing and product mix drove growth.Record backlog reached $4.4B, up 18%, reflecting sustained demand for aerospace and defense materials.ATI raised 2026 adjusted EPS guidance to $4.90-$5.18 and free cash flow to $550-$600 million. ATI Inc. (ATI - Free Report) posted adjusted earnings of $1.23 per share for the second quarter of 2026, up 66.2% from the year-ago quarter. The figure beat the Zacks Consensus Estimate of $1.03 by 19.4%.
Sales of $1.26 billion rose 10.6% year over year and topped the consensus estimate of $1.22 billion by 3.4%. Strong aerospace and defense demand, favorable pricing and an improved product mix supported the quarter. Backlog reached a record $4.4 billion, up 18% year over year, highlighting sustained demand for the company's aerospace and defense materials.
Segment HighlightsHigh Performance Materials & Components generated sales of $637.1 million in the second quarter, up 4.6% from $608.8 million in the year-ago period. However, the figure fell short of the consensus estimate of $669 million. The improvement primarily reflected strong demand and pricing for commercial jet engine products. The segment EBITDA margin was 24.1% compared with 23.7% a year ago. Higher volumes and favorable pricing supported the year-over-year margin improvement, partly offset by increased manufacturing and period costs.
Advanced Alloys & Solutions posted sales of $624 million, up 17.4% from $531.6 million in the prior-year quarter. The figure surpassed the consensus estimate of $550 million. Growth was primarily driven by aerospace and defense and conventional energy markets. The segment EBITDA margin expanded to 23.7% from 14.4%. Results included a $9.9 million gain from the sale of a previously closed manufacturing facility. Excluding that gain, stronger pricing and a favorable product mix supported the margin improvement.
FinancialsATI ended the second quarter with cash and cash equivalents of $783 million. Cash provided by operating activities was $131.8 million during the quarter, while capital expenditures totaled $68.6 million. Adjusted free cash flow came in at $68.6 million. Long-term debt stood at $1.81 billion at the end of the quarter.
OutlookATI expects third-quarter 2026 adjusted EBITDA in the range of $305-$315 million. Adjusted earnings are projected between $1.31 and $1.37 per share. Management expects momentum to continue into the second half, supported by contracted pricing improvements, a richer product mix and increasing production volumes.
For full-year 2026, ATI raised adjusted EBITDA guidance to $1.14-$1.2 billion from its previous outlook of $1.01-$1.06 billion. Adjusted earnings guidance was increased to $4.9-$5.18 per share from $4.2-$4.48 previously.
The company also lifted its full-year adjusted free cash flow forecast to $550-$600 million from the earlier range of $465-$525 million. Management expects targeted investments and operational execution to increase available capacity as demand for aerospace and defense materials remains strong.
ATI’s Price PerformanceATI’s shares are up 211.3% over a year compared with the 14.4% growth recorded by the industry.
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ATI’s Zacks Rank & Other Aerospace ReleasesATI currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Howmet Aerospace Inc. (HWM - Free Report) reported second-quarter 2026 adjusted earnings of $1.33 per share, up 46% year over year. The figure beat the Zacks Consensus Estimate of $1.23. For 2026, Howmet Aerospace raised its revenue outlook to $10-$10.1 billion. Adjusted EBITDA is now anticipated between $3.21 billion and $3.25 billion.
Axon Enterprise, Inc. (AXON - Free Report) reported second-quarter 2026 adjusted earnings of $1.88 per share, down 13.8% year over year. The figure missed the Zacks Consensus Estimate of $1.89 by 0.5%. AXON raised its full-year revenue outlook to 32-34% annual growth, up from 30-32% expected earlier. The updated view reflects continued momentum across the company’s connected devices and software offerings.
GE Aerospace (GE - Free Report) reported second-quarter 2026 adjusted earnings of $2.02 per share, up 22% year over year. The figure beat the Zacks Consensus Estimate of $1.86 by 8.6%. GE now expects 2026 adjusted revenue growth in the high-teens range, up from its prior low-double-digit outlook. Adjusted earnings are expected in the range of $7.65-$7.85 per share, up from $7.1-$7.4 expected earlier.
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
ATI (ATI - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this maker of steel and specialty metals is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for ATI is 52%, investors should actually focus on the projected growth. The company's EPS is expected to grow 48.3% this year, crushing the industry average, which calls for EPS growth of 17.8%.
Impressive Asset Utilization RatioGrowth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, ATI has an S/TA ratio of 0.89, which means that the company gets $0.89 in sales for each dollar in assets. Comparing this to the industry average of 0.67, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And ATI is well positioned from a sales growth perspective too. The company's sales are expected to grow 11.4% this year versus the industry average of 10.1%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for ATI have been revising upward. The Zacks Consensus Estimate for the current year has surged 15.2% over the past month.
Bottom LineATI has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that ATI is a potential outperformer and a solid choice for growth investors.
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at ATI (ATI - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. ATI currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if ATI is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of steel and specialty metals holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For ATI, shares are up 21.55% over the past week while the Zacks Aerospace - Defense Equipment industry is up 5.31% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 24.18% compares favorably with the industry's 6.33% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of ATI have increased 52.51% over the past quarter, and have gained 212.93% in the last year. On the other hand, the S&P 500 has only moved 5.1% and 22.6%, respectively.
Investors should also take note of ATI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now ATI is averaging 1,657,074 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with ATI.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost ATI's consensus estimate, increasing from $4.43 to $4.59 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom LineTaking into account all of these elements, it should come as no surprise that ATI is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep ATI on your short list.
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: ATI (ATI - Free Report) Pittsburgh, PA-based ATI Inc. is a diversified specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
ATI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Aerospace stock. ATI has a Momentum Style Score of A, and shares are up 21.8% over the past four weeks.
For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $4.49 per share. ATI boasts an average earnings surprise of +12.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, ATI should be on investors' short list.
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
ATI (ATI - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ATI is quite a good fit in this regard, gaining 47.7% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 21.8% over the past four weeks ensures that the trend is still in place for the stock of this maker of steel and specialty metals.
Moreover, ATI is currently trading at 94.5% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ATI may not reverse anytime soon.
In addition to ATI, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Arista Wealth Management LLC lowered its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 37.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,753 shares of the basic materials company’s stock after selling 3,468 shares during the quarter. Arista Wealth Management LLC’s holdings in ATI were worth $1,134,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in ATI in the 4th quarter worth $198,787,000. SG Americas Securities LLC increased its holdings in ATI by 1,471.8% in the 1st quarter. SG Americas Securities LLC now owns 1,075,368 shares of the basic materials company’s stock valued at $156,423,000 after acquiring an additional 1,006,951 shares during the last quarter. AQR Capital Management LLC increased its holdings in ATI by 684.9% in the 4th quarter. AQR Capital Management LLC now owns 1,019,840 shares of the basic materials company’s stock valued at $117,037,000 after acquiring an additional 889,912 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in ATI by 231.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock worth $175,094,000 after purchasing an additional 840,455 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in ATI by 1,714.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 831,736 shares of the basic materials company’s stock worth $120,984,000 after purchasing an additional 785,885 shares in the last quarter.
Insider Buying and Selling In related news, CEO Kimberly A. Fields sold 31,757 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $190.99, for a total transaction of $6,065,269.43. Following the completion of the sale, the chief executive officer owned 125,564 shares of the company’s stock, valued at $23,981,468.36. This represents a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 192,199 shares of company stock worth $34,601,100 over the last three months. Corporate insiders own 0.98% of the company’s stock.
ATI Stock Up 2.1% ATI stock opened at $228.15 on Friday. The business has a fifty day moving average of $192.40 and a two-hundred day moving average of $164.47. The company has a quick ratio of 1.17, a current ratio of 2.33 and a debt-to-equity ratio of 0.91. The firm has a market cap of $31.14 billion, a P/E ratio of 66.91, a P/E/G ratio of 1.62 and a beta of 0.98. ATI Inc. has a twelve month low of $70.42 and a twelve month high of $236.98.
ATI (NYSE:ATI – Get Free Report) last posted its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, analysts forecast that ATI Inc. will post 5.04 earnings per share for the current fiscal year.
Analyst Ratings Changes Several research analysts have commented on the stock. TD Cowen increased their price objective on shares of ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $194.00 target price on shares of ATI in a research report on Friday, May 1st. BTIG Research boosted their price target on shares of ATI from $180.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Weiss Ratings raised shares of ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $205.12.
Read Our Latest Stock Analysis on ATI
Key Headlines Impacting ATI Here are the key news stories impacting ATI this week:
Positive Sentiment: Quarterly results exceeded expectations: ATI reported adjusted EPS of $1.23 versus the $1.03 consensus estimate, while revenue rose 11% year over year to $1.26 billion. GAAP EPS increased 56% to $1.09, and net income rose 50% to $151 million. ATI Announces Second Quarter 2026 Results Positive Sentiment: Profitability is expanding: Adjusted EBITDA climbed 37% to $284 million, with the margin expanding to 22.6% from 18.2% a year earlier. Aerospace and defense sales increased 13%, supporting demand for ATI’s advanced materials. ATI Q2 Earnings Call Highlights Positive Sentiment: Raised outlook and strong backlog: ATI increased its full-year 2026 adjusted EPS guidance to $4.90-$5.18 from $4.20-$4.48 and forecast third-quarter EPS of $1.31-$1.37, above the $1.12 consensus. Management also cited a record $4.4 billion backlog and stronger second-half growth as its HPMC business ramps. ATI Raises 2026 Outlook Positive Sentiment: Analysts raised price targets: Susquehanna lifted its target to $265 and assigned a positive rating, while BTIG raised its target to $270 and upgraded ATI to Buy. The revisions reinforce optimism about sustained aerospace, defense and margin growth. Neutral Sentiment: ATI is trading near its 52-week high and at a comparatively elevated valuation, with a reported P/E ratio above 75, which may increase sensitivity to any earnings or guidance disappointment. Negative Sentiment: Insider-trading data shows 26 open-market sales and no purchases during the past six months, including sales by senior executives. This may temper sentiment, although the transactions have not offset the positive earnings reaction. ATI Profile (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Further Reading Five stocks we like better than ATI Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
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3 Crucial Aerospace Component Makers That Analysts LoveATI NYSE: ATI reported second-quarter results that exceeded its prior outlook, supported by higher pricing, favorable product mix and stronger demand in aerospace, defense and specialty materials. The company raised its full-year guidance for adjusted EBITDA, adjusted earnings per share and adjusted free cash flow.
Second-quarter revenue rose 11% year over year to $1.3 billion, while adjusted EBITDA increased 37% to $284 million. The result was $29 million above the high end of ATI's previous guidance, according to Board Chair, President and CEO Kim Fields. Excluding a $10 million asset-sale gain, underlying performance still exceeded the high end of the company's outlook by $19 million.
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AI Fatigue? These 3 Analyst-Upgraded Stocks Offer Real Growth PotentialAdjusted EBITDA margin expanded 440 basis points year over year to 22.6%. Fields said the margin gain reflected commercial terms, product mix, execution and operational improvements through the company's Elevation operating system. ATI generated adjusted free cash flow of $69 million during the quarter and $143 million in the first half, compared with a $50 million use of cash in the first half of 2025.
Record backlog and higher full-year outlook ATI ended the quarter with a record $4.4 billion backlog, up 18% from a year earlier and 7% sequentially. Fields said the backlog increasingly includes long-term agreements, sole-source positions and strategic programs that provide multiyear shipment and earnings visibility. The company expects about 70% of the backlog to convert into revenue over the next 12 months.
Burry Just Sold Amazon, Replaced it With Alibaba, is He Right?The company raised its full-year adjusted EBITDA guidance to $1.135 billion to $1.185 billion, with a midpoint of $1.16 billion representing 35% year-over-year growth. ATI also increased its adjusted EPS outlook to $4.90 to $5.18 and its adjusted free cash flow forecast to $550 million to $600 million.
Senior Vice President and CFO Rob Foster said the stronger outlook is supported by contracted pricing, committed customer schedules, a higher structural earnings base in the Advanced Alloys & Solutions segment and High Performance Materials & Components shipments that shifted from the second quarter into the second half.
Third-quarter adjusted EBITDA is expected to be $305 million to $315 million. Third-quarter adjusted EPS is projected at $1.31 to $1.37. ATI expects fourth-quarter sales and profit to be its strongest of 2026, with midpoint guidance implying roughly $335 million in EBITDA. The company projects low-20% consolidated adjusted EBITDA margins for the full year and incremental margins of about 50%. AA&S segment drives margin expansion ATI's Advanced Alloys & Solutions, or AA&S, segment delivered sales of $624 million, up 17% year over year. Segment margin increased 930 basis points to a record 23.7%, reflecting higher pricing, improved execution and a more favorable product mix.
Fields said ATI has repositioned AA&S toward higher-value aerospace, defense and specialty-energy applications while exiting lower-value products. Aerospace and defense now represent approximately 44% of AA&S revenue, more than double the share from five years ago. The company expects AA&S EBITDA margins to remain above 20%, and Fields told analysts it sees the potential for margins in the mid-20% range over time.
The segment has benefited from ATI's high-purity hafnium and zirconium capabilities. Fields said ATI is one of three qualified Western producers able to make those materials to purity standards required for aerospace and nuclear-energy applications. China’s export limitations have increased the value of those capabilities, she said.
Defense revenue rose 36% year over year to an all-time high, led by demand for naval nuclear, missile and missile-defense applications. ATI's renewed naval nuclear agreement extends through 2030 and more than doubles annual revenue relative to the prior contract, according to Fields. Foster said the five-year agreement represents about $1 billion in revenue, with roughly two-thirds of the increase tied to price and mix and one-third tied to volume.
ATI raised its full-year defense-growth outlook to the high teens. It continues to expect mid-teen growth in specialty energy, despite a 6% second-quarter decline as production capacity was prioritized for naval nuclear orders with more immediate delivery requirements.
HPMC timing shifts shipments into second half High Performance Materials & Components, or HPMC, reported sales of $637 million, up 5% year over year, driven primarily by nickel products for jet engines. Segment margins improved 40 basis points to 24.1%.
Qualification timing at ATI's new Chihuahua, Mexico, facility and its titanium electron-beam furnace, EB2, shifted certain HPMC deliveries into future periods. Fields said about $30 million to $40 million in revenue moved from the first half to the second half, with an incremental margin cadence of roughly 40% to 50%.
Management said these effects are timing-related and expects the deferred demand to convert in the second half. Completed contract renewals are also expected to improve pricing and mix in jet-engine materials, while productivity measures are intended to support sequential improvement through the remainder of the year.
Jet-engine revenue increased 13% year over year and 8% sequentially, with ATI maintaining its forecast for high-teen jet-engine revenue growth for the full year. The company said it supports every major next-generation commercial engine platform and produces six of the seven most advanced nickel-based superalloys, including five for which it is the sole-source supplier.
Capacity investments and cash priorities ATI said its Chihuahua facility will support next-generation aerospace-engine testing and inspection, while EB2 expands premium-quality titanium capability and capacity. A new vacuum induction melting furnace remains scheduled to enter service by the end of 2027. ATI expects its nickel investments to increase capacity by approximately 15% to 20% by early 2028 compared with year-end 2025 and contribute about $350 million in annual revenue by 2028.
During the quarter, capital expenditures totaled $69 million, including $23 million funded directly by customers. ATI maintained its full-year gross capital expenditure forecast of $280 million to $300 million, partly offset by expected customer-funded capital spending of $55 million to $65 million.
Foster said share repurchases remain a priority for incremental free cash flow deployment. ATI repurchased $50 million of stock in the second quarter and had $495 million remaining under its current authorization.
About ATI (NYSE:ATI)Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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Key Takeaways ATI's Q2 adjusted EPS of $1.23 and revenues of $1.26B topped consensus estimates.AA&S can reach mid-20% EBITDA margins over time as pricing, mix and contract changes take hold.ATI's record $4.4B backlog has 70% converting within 12 months, highlighting tight qualified capacity. ATI Inc. (ATI - Free Report) used its second-quarter call to frame Advanced Alloys & Solutions as a stronger earnings contributor, while reaffirming High Performance Materials & Components as its main long-term aerospace growth platform. Management also raised 2026 guidance on contracted pricing, record backlog and committed customer schedules.
ATI’s second-quarter adjusted earnings per share (EPS) of $1.23 topped the Zacks Consensus Estimate of $1.03. Revenues of $1.26 billion also beat the Zacks Consensus Estimate of $1.22 billion.
ATI Raises 2026 Guide on Contracted VisibilityBoard chair, president and CEO Kimberly Fields said the higher outlook reflects first-half performance, improved visibility, AA&S strength and confidence in the HPMC ramp.
CFO James Foster set 2026 adjusted EBITDA guidance at $1.135 billion to $1.185 billion and adjusted earnings guidance at $4.90 to $5.18 per share.
Foster expects third-quarter adjusted EBITDA of $305 million to $315 million and adjusted earnings of $1.31 to $1.37 per share. He sees fourth-quarter sales and profit as the year’s strongest.
ATI Sees AA&S as a Second Earnings EngineAA&S has moved toward higher-value aerospace, defense and specialty energy applications through portfolio changes, stronger commercial discipline and better pricing. Aerospace and defense represent about 44% of segment sales.
Asked by Seaport Research Partners, CEO Fields said AA&S can reach a mid-20% EBITDA margin range over time, supported by structural changes in mix, contracts and pricing.
CFO James Foster told a BTIG analyst that the renewed naval nuclear agreement is a five-year, $1 billion revenue contract, about double the prior five-year agreement. Roughly two-thirds of the increase is price and mix and one-third is volume.
ATI Expects HPMC Catch-Up in Second HalfHPMC remains ATI’s largest long-term growth platform, although qualification timing at the Mexico facility and EB2 titanium furnace shifted shipments into later periods.
In response to JPMorgan, Fields estimated that $30 million to $40 million of revenues moved from the first half into the second half, with 40% to 50% incremental margins on that shifted business.
Foster said HPMC should strengthen as contract renewals improve pricing and mix and deferred demand converts. Full-year HPMC EBITDA margin remains targeted in the mid-20% range.
ATI Backlog Points to Tight Qualified CapacityCEO Kimberly Fields told a Deutsche Bank analyst that backlog reached a record $4.4 billion, up 18% year over year and 7% sequentially. About 70% is expected to convert to revenue over the next 12 months.
CEO Fields said lead times are about 12 months for nickel alloys, 20 months for premium-quality titanium and more than 24 months for isothermal forgings, reflecting demand above available qualified capacity.
Fields also raised the full-year defense growth outlook to the high teens. Jet engine revenues are still expected to grow in the high teens, while airframe growth remains in the mid- to high-single-digit range.
ATI Prioritizes Cash Conversion and CapacityAdjusted free cash flow guidance increased to $550 million to $600 million. The midpoint implies $430 million of second-half generation.
Asked by Seaport Research Partners, Foster said late fourth-quarter shipments will leave some volume in receivables, and ATI plans additional inventory for early 2027. The company continues to target free cash flow conversion above 90%.
CEO Kimberly Fields told JPMorgan that ATI first seeks more throughput, yield and shorter cycle times from existing assets before adding capacity. New projects must meet an internal 30% return threshold.
ATI Keeps Execution and Returns at the CenterCEO Kimberly Fields closed with a focus on Elevation, differentiated capacity and allocating capital toward the highest-return opportunities. Her emphasis remained on execution and contracted demand.
CFO James Foster framed the second-half ramp as supported by contracted pricing, committed customer schedules and shipment timing, with both segments expected to contribute to profitable growth.
ATI’s Zacks Rank & Style Scores Signal a Mixed SetupATI currently carries a Zacks Rank #2 (Buy). Its Growth Score of A and VGM Score of B are favorable under the Zacks Style Scores framework, while its Value Score of D and Momentum Score of D are weaker readings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The combination gives ATI a favorable Zacks Rank and blended VGM profile, with clear differences across individual styles. The Zacks Rank can change as earnings estimates are revised after the just-reported results.
ATI (ATI - Free Report) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +19.42%. A quarter ago, it was expected that this maker of steel and specialty metals would post earnings of $0.88 per share when it actually produced earnings of $1, delivering a surprise of +13.64%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ATI, which belongs to the Zacks Aerospace - Defense Equipment industry, posted revenues of $1.26 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.37%. This compares to year-ago revenues of $1.14 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
ATI shares have added about 78.7% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for ATI?While ATI has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for ATI was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.13 on $1.25 billion in revenues for the coming quarter and $4.49 on $4.97 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense Equipment is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
CAE (CAE - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This civil and military flight simulator company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +13.3%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
CAE's revenues are expected to be $821.35 million, up 3.5% from the year-ago quarter.
ATI Inc. (ATI) Q2 2026 Earnings Call August 6, 2026 8:30 AM EDT
Company Participants
Rob Rengel
Kimberly Fields - President, CEO & Chair
James Foster - Senior VP of Finance & CFO
Conference Call Participants
Richard Safran - Seaport Research Partners
Seth Seifman - JPMorgan Chase & Co, Research Division
David Strauss - Wells Fargo Securities, LLC, Research Division
Myles Walton - Wolfe Research, LLC
Scott Deuschle - Deutsche Bank AG, Research Division
Andre Madrid - BTIG, LLC, Research Division
Presentation
Operator
Thank you for joining us, and welcome to the ATI Second Quarter 2026 Results Conference Call. [Operator Instructions] I will now hand the conference over to Rob Rengel, Vice President of Investor Relations. Please go ahead.
Rob Rengel
Good morning, and welcome to ATI's Second Quarter 2026 Earnings Call. I'm excited to step into this role, and I want to begin by recognizing Dave Weston and the significant contributions he made to ATI before his retirement. Today's discussion is being webcast at atimaterials.com. Joining me are Kim Fields, Board Chair, President and CEO; and Rob Foster, Senior Vice President and CFO.
Before starting our prepared remarks, I would like to draw your attention to the supplemental presentation that accompanies this call. Those slides provide additional color and details on our results, capabilities and outlook and can also be found on our website. As a reminder, all forward-looking statements are subject to various assumptions and caveats. These are noted in the earnings release and in the accompanying presentation. After our prepared remarks, we'll open the line for questions.
Now I'll turn the call over to Kim.
Kimberly Fields
President, CEO & Chair
Thanks, Rob, and welcome to the team, and good morning, everyone. Thank you for joining us. Turning to Slide 3. ATI delivered another strong quarter, demonstrating the increasing earnings power of our business. Second quarter adjusted EBITDA was $284 million, $29
Shares of ATI (ATI - Free Report) have been strong performers lately, with the stock up 10.5% over the past month. The stock hit a new 52-week high of $208.71 in the previous session. ATI has gained 78.7% since the start of the year compared to the 8.5% move for the Zacks Aerospace sector and the 10.9% return for the Zacks Aerospace - Defense Equipment industry.
What's Driving the Outperformance?The stock has a great record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on August 6, 2026, ATI reported EPS of $1.23 versus consensus estimate of $1.03.
For the current fiscal year, ATI is expected to post earnings of $4.49 per share on $4.97 in revenues. This represents a 38.58% change in EPS on a 8.4% change in revenues. For the next fiscal year, the company is expected to earn $5.46 per share on $5.48 in revenues. This represents a year-over-year change of 21.64% and 10.24%, respectively.
Valuation MetricsWhile ATI has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
ATI has a Value Score of D. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 45.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 36.2X. On a trailing cash flow basis, the stock currently trades at 44.7X versus its peer group's average of 32X. Additionally, the stock has a PEG ratio of 1.63. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, ATI currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if ATI meets the list of requirements. Thus, it seems as though ATI shares could still be poised for more gains ahead.
ATI (ATI - Free Report) reported $1.26 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 10.6%. EPS of $1.23 for the same period compares to $0.74 a year ago.
The reported revenue represents a surprise of +3.37% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $1.03, the EPS surprise was +19.42%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how ATI performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- High Performance Materials & Components: $637.1 million compared to the $669.44 million average estimate based on two analysts. The reported number represents a change of +4.7% year over year.Sales- Advanced Alloys & Solutions: $624 million versus $549.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +17.4% change.EBITDA- Advanced Alloys & Solutions: $147.6 million versus $91.71 million estimated by two analysts on average.EBITDA- High Performance Materials & Components: $153.5 million compared to the $159.81 million average estimate based on two analysts.View all Key Company Metrics for ATI here>>>
Shares of ATI have returned +10.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
ATI Exceeds the High End of Q2 Guidance and Raises Full-Year Outlook
GAAP diluted EPS up 56% year-over-year
Net income attributable to ATI increased 50%, adjusted EBITDA rose 37% year-over-year
Adjusted EBITDA margin expanded 440 basis points to 22.6% year-over-year
Second Quarter 2026 GAAP Financial Results
Sales of $1.26 billion, up 11% year-over-year, driven by a 13% aerospace & defense increase Net income attributable to ATI of $151 million, up 50% year-over-year Earnings per share of $1.09 compared to $0.70 per share in second quarter 2025 Second Quarter 2026 Non-GAAP Financial Information(a)
Adjusted net income attributable to ATI(a) of $170 million, up 60% year-over-year Adjusted earnings per share(a) of $1.23, compared to $0.74 per share in second quarter 2025 Adjusted EBITDA(a) of $284 million, an increase of 37% year-over-year Adjusted EBITDA(a) as a percentage of sales of 22.6%, compared to 18.2% in second quarter 2025 Guidance
The Company is providing third quarter and updated full-year 2026 guidance in the table below.
Current Guidance
Prior Guidance
Q3 2026
Full Year 2026
Full Year 2026
Adjusted EBITDA(b)
$305M - $315M
$1,135M - $1,185M
$1,010M - $1,060M
Adjusted Earnings Per Share(b)
$1.31 - $1.37
$4.90 - $5.18
$4.20 - $4.48
Adjusted Free Cash Flow(b)
$550M - $600M
$465M - $525M
(a) Reconciliations of the reported information under accounting principles generally accepted in the United States (GAAP) to non-GAAP financial measures are included in accompanying financial tables. Non-GAAP financial measures should be viewed in addition to, and not superior to or as an alternative for, the Company's reported results prepared in accordance with GAAP.
(b) Detailed reconciliations of the forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures are not available without unreasonable effort due to the complexity of the excluded components.
, /PRNewswire/ -- ATI Inc. (NYSE: ATI) reported second quarter 2026 results, with sales of $1.26 billion and net income attributable to ATI of $151 million, or $1.09 per share.
Sequential
Y-O-Y
($ in millions except per share amounts)
Q2 2026
Q1 2026
Change
Q2 2025
Change
Sales
$1,261.1
$1,151.5
10 %
$1,140.4
11 %
Net income attributable to ATI
$151.0
$118.2
28 %
$100.7
50 %
Earnings per share
$1.09
$0.85
28 %
$0.70
56 %
Non-GAAP information(a)
Adjusted net income attributable to ATI(a)
$169.7
$139.2
22 %
$106.4
59 %
Adjusted earnings per share(a)
$1.23
$1.00
23 %
$0.74
66 %
ATI adjusted EBITDA(a)
$284.4
$231.7
23 %
$207.7
37 %
Second quarter 2026 GAAP earnings per share were $1.09 and adjusted earnings per share(a) were $1.23. Net income attributable to ATI was $151.0 million and ATI adjusted EBITDA(a) was $284.4 million, or 22.6% of sales. Second quarter 2026 GAAP and non-GAAP results include a gain of $9.9 million, or $0.06 per share, from the sale of a previously closed manufacturing facility in the AA&S segment.
Second quarter 2026 adjusted results exclude pre-tax charges of $23.6 million for special items consisting of $10.1 million of start-up and transaction-related costs, $7.0 million of transformation-related costs, $3.9 million of restructuring-related costs, and $2.6 million of losses on the sale of customer accounts receivable. The after-tax impact of these special items was a charge of $18.7 million, or $0.14 per share.
First quarter 2026 adjusted results exclude pre-tax charges of $26.4 million for special items consisting of $11.1 million of start-up and transaction costs, $8.1 million of restructuring-related costs, $4.8 million of transformation costs, and $2.4 million of losses on the sale of customer accounts receivable. The after-tax impact of these special items was a charge of $21.0 million, or $0.15 per share. Second quarter 2025 adjusted results exclude pre-tax charges of $7.4 million for special items. The after-tax impact of these special items was a charge of $5.7 million, or $0.04 per share. The Non-GAAP tables included within this release provide the reconciliations of the GAAP to Non-GAAP financial measures and additional details on the special items noted above.
"We delivered another solid quarter, with results above the high end of our guidance and adjusted EBITDA up 37% year-over-year on 11% sales growth. This is a clear example of the earnings potential we've been building across both of our segments. Adjusted EBITDA margin expanded 440 basis points to 22.6%, and our backlog reached another record at $4.4 billion, up 18% year-over-year, as demand for our unique aerospace and defense materials continues to outpace available supply," said Kimberly A. Fields, Board Chair, President and CEO. "This quarter reflects the continued evolution of ATI's portfolio toward a more differentiated, higher-margin business, anchored by long-term customer agreements and concentrated exposure in aerospace, defense and specialty energy.
"Momentum is carrying into the second half, and we are again raising our full-year guidance for adjusted earnings, EBITDA and free cash flow," Fields added. "Our outlook is supported by contracted pricing improvements, a richer product mix and increasing production volumes as targeted investments and operational execution expand our available capacity."
Operating Results by Segment
High Performance Materials & Components (HPMC)
($ millions)
Q2 2026
Q1 2026
Q2 2025
Sales
$637.1
$614.3
$608.8
Segment EBITDA(a)
$153.5
$152.9
$144.0
% of Sales
24.1 %
24.9 %
23.7 %
HPMC's second quarter 2026 sales increased $22.8 million, or 4%, compared to first quarter 2026, primarily due to strong demand and pricing for commercial jet engine products. Aerospace & defense sales represented 93% of total HPMC sales in second quarter 2026, unchanged from first quarter 2026. Second quarter 2026 sales increased 5% compared to second quarter 2025, primarily driven by a 10% increase in commercial jet engine sales due to strong demand and pricing. HPMC second quarter 2026 segment EBITDA(a) was $153.5 million, or 24.1% of sales. The sequential decline in segment EBITDA margin was primarily due to higher manufacturing and period costs, including costs associated with revised qualification requirements for our new facility in Mexico and titanium electron-beam furnace. The higher costs were partially offset by increased volume and favorable pricing of jet engine nickel products. The year-over-year increase in the segment EBITDA margin rate was primarily due to higher volume and favorable pricing, partially offset by higher manufacturing and period costs. Advanced Alloys & Solutions (AA&S)
($ millions)
Q2 2026
Q1 2026
Q2 2025
Sales
$624.0
$537.2
$531.6
Segment EBITDA(a)
$147.6
$97.0
$76.7
% of Sales
23.7 %
18.1 %
14.4 %
AA&S second quarter 2026 sales increased $86.8 million, or 16%, compared to first quarter 2026, primarily due to higher sales in the aerospace & defense and conventional energy markets. Aerospace & defense sales increased 19%, driven by higher demand and pricing and represented 44% of total AA&S sales in the second quarter of 2026. The increase in conventional energy sales was mostly due to demand timing. Second quarter 2026 sales increased $92.4 million, or 17%, compared to the prior year quarter, primarily due to higher sales to the aerospace & defense and conventional energy markets. On a year-over-year basis, aerospace & defense sales grew by 34%, including a 90% increase in defense sales, reflecting both higher demand and pricing. AA&S second quarter 2026 segment EBITDA(a) was $147.6 million, or 23.7% of sales, inclusive of a $9.9 million gain from the sale of a previously closed manufacturing facility. Excluding the impact of the gain, the sequential and year-over-year increase in segment EBITDA margin was primarily driven by higher pricing and favorable mix. Corporate Items and Cash
Restructuring and other charges: Second quarter 2026: $23.6 million includes pre-tax charges consisting of $10.1 million of start-up and transaction-related costs, $7.0 million of transformation-related costs, $3.9 million of restructuring-related costs for severance and facility rationalization activities, and $2.6 million of losses on the sale of customer accounts receivable. First quarter 2026: $26.4 million includes pre-tax charges consisting of $11.1 million of start-up and transaction-related costs, $8.1 million of restructuring-related severance and impairment costs due to facility rationalization activities, $4.8 million of transformation-related costs, and $2.4 million of losses on the sale of customer accounts receivable. Second quarter 2025: $8.7 million includes pre-tax charges consisting of $7.1 million for start-up and transaction-related costs and $1.6 million of losses on the sale of customer accounts receivable. These pre-tax charges were partially offset by credits of $1.3 million due to a reduction in severance-related reserves for a previous restructuring in our AA&S segment. Corporate expenses in the second quarter 2026 were $14.9 million, compared to $17.0 million in the first quarter 2026, and $15.4 million in the prior year quarter. The decrease compared to first quarter 2026 was primarily due to a benefit from an insurance claim, partially offset by higher incentive compensation expense. Corporate expenses were relatively flat on a year-over-year basis. Closed operations and other income/expense was an expense of $1.8 million in the second quarter 2026 compared to expense of $1.2 million in the first quarter 2026, and income of $2.4 million in the prior year quarter. The increase in expense compared to first quarter 2026 was primarily due to changes in environmental reserves. Second quarter 2025 benefited from foreign exchange gains of $1.8 million and a favorable bankruptcy settlement related to an insurance claim of $1.1 million. The second quarter 2026 effective tax rate was 20.0%, compared to an effective tax rate of 11.8% in first quarter 2026 and 22% in second quarter 2025. The higher effective tax rate on a sequential basis was primarily due to the timing and amount of discrete tax benefits, mostly for share-based compensation. The year-over-year comparison was also affected by tax law changes from the One Big Beautiful Bill Act. Cash provided by operating activities was $131.8 million for second quarter 2026, while capital expenditures were $68.6 million. Managed working capital as a percent of annualized sales was 34.3% at the end of second quarter 2026, a decrease of 50 basis points compared to the end of first quarter 2026. In the second quarter 2026, the Company repurchased $50 million of its common stock at an average price per share of $159.53, retiring approximately 0.3 million shares. As of the end of second quarter 2026, total share repurchase authorization remaining was $495 million. ATI will conduct a conference call with investors and analysts on Thursday, August 6, 2026, at 8:30 a.m. ET to discuss the financial results. The conference call will be broadcast, and accompanying presentation slides will be available, at ATImaterials.com. To access the broadcast, click on "Conference Call." A replay of the conference call will be available on the ATI website.
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Certain statements in this news release relate to future events and expectations and, as such, constitute forward-looking statements. Forward-looking statements, which may contain such words as "anticipates," "believes," "estimates," "expects," "would," "should," "will," "will likely result," "forecast," "outlook," "projects," and similar expressions, are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which we are unable to predict or control. Our performance or achievements may differ materially from those expressed or implied in any forward-looking statements due to the following factors, among others: (a) material adverse changes in economic or industry conditions generally, including global supply and demand conditions and prices for our specialty materials; (b) material adverse changes in the markets we serve; (c) our inability to achieve the level of cost savings, productivity improvements, synergies, growth or other benefits anticipated by management from strategic investments and the integration of acquired businesses; (d) volatility in the price and availability of the raw materials that are critical to the manufacture of our products; (e) declines in the value of our defined benefit pension plan assets or unfavorable changes in laws or regulations that govern pension plan funding; (f) labor disputes or work stoppages; (g) equipment outages; (h) business and economic disruptions associated with extraordinary events beyond our control, such as war, terrorism, international conflicts, public health issues, such as epidemics or pandemics, natural disasters and climate-related events that may arise in the future and (i) other risk factors summarized in our Annual Report on Form 10-K for the year ended December 28, 2025, and in other reports filed with the Securities and Exchange Commission. We assume no duty to update our forward-looking statements.
ATI: Proven to Perform.
ATI (NYSE: ATI) is a global producer of high performance materials and solutions for the global aerospace & defense markets, and critical applications in electronics, medical and specialty energy. We're solving the world's most difficult challenges through materials science. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow. We are proven to perform anywhere. Learn more at ATImaterials.com.
ATI Inc.
Consolidated Statements of Operations
(Unaudited, dollars in millions, except per share amounts)
Fiscal Quarter Ended
Fiscal Year-To-Date
Period Ended
June 28,
March 29,
June 29,
June 28,
June 29,
2026
2026
2025
2026
2025
Sales
$ 1,261.1
$ 1,151.5
$ 1,140.4
$ 2,412.6
$ 2,284.8
Cost of sales
951.3
888.6
897.9
1,839.9
1,806.5
Gross profit
309.8
262.9
242.5
572.7
478.3
Selling and administrative expenses
95.7
92.1
82.8
187.8
167.8
Restructuring (credits) charges
3.9
7.0
(1.3)
10.9
(1.3)
(Gain) loss on asset sales and sales of
businesses, net
(9.8)
—
—
(9.8)
3.9
Operating income
220.0
163.8
161.0
383.8
307.9
Nonoperating retirement benefit expense
(4.3)
(4.3)
(4.1)
(8.6)
(8.0)
Interest expense, net
(23.9)
(23.7)
(25.4)
(47.6)
(48.4)
Other income, net
1.1
0.8
1.8
1.9
3.3
Income before income taxes
192.9
136.6
133.3
329.5
254.8
Income tax provision
38.6
16.1
29.3
54.7
50.3
Net income
$ 154.3
$ 120.5
$ 104.0
$ 274.8
$ 204.5
Less: Net income attributable to noncontrolling
interests
3.3
2.3
3.3
5.6
6.8
Net income attributable to ATI
$ 151.0
$ 118.2
$ 100.7
$ 269.2
$ 197.7
Basic net income attributable to ATI per
common share
$ 1.11
$ 0.86
$ 0.72
$ 1.97
$ 1.40
Diluted net income attributable to ATI per
common share
$ 1.09
$ 0.85
$ 0.70
$ 1.94
$ 1.38
ATI Inc.
Selected Financial Data
(Unaudited, dollars in millions)
Fiscal Quarter Ended
Fiscal Year-To-Date
Period Ended
June 28,
March 29,
June 29,
June 28,
June 29,
2026
2026
2025
2026
2025
Sales:
High Performance Materials & Components
$ 637.1
$ 614.3
$ 608.8
$ 1,251.4
$ 1,192.9
Advanced Alloys & Solutions
624.0
537.2
531.6
1,161.2
1,091.9
Total external sales
$ 1,261.1
$ 1,151.5
$ 1,140.4
$ 2,412.6
$ 2,284.8
Segment EBITDA(a):
High Performance Materials & Components
$ 153.5
$ 152.9
$ 144.0
$ 306.4
$ 275.0
% of Sales
24.1 %
24.9 %
23.7 %
24.5 %
23.1 %
Advanced Alloys & Solutions
147.6
97.0
76.7
244.6
160.1
% of Sales
23.7 %
18.1 %
14.4 %
21.1 %
14.7 %
Corporate, Closed Operations and Other (Income) Expense(b):
Corporate expense
$ 14.9
$ 17.0
$ 15.4
$ 31.9
$ 32.8
Closed operations and other (income) expense
1.8
1.2
(2.4)
3.0
—
Total Corporate, Closed Operations and
Other expense
$ 16.7
$ 18.2
$ 13.0
$ 34.9
$ 32.8
Depreciation & Amortization:
High Performance Materials & Components
$ 20.6
$ 19.6
$ 20.9
$ 40.2
$ 40.6
Advanced Alloys & Solutions
21.8
23.7
19.1
45.5
38.6
Other
1.6
1.7
1.6
3.3
3.2
Total depreciation & amortization
$ 44.0
$ 45.0
$ 41.6
$ 89.0
$ 82.4
Percentage of Total ATI Sales(c):
Nickel-based alloys and specialty alloys
51 %
49 %
48 %
50 %
48 %
Precision forgings, castings and components
18 %
20 %
21 %
19 %
21 %
Titanium and titanium-based alloys
15 %
17 %
17 %
16 %
18 %
Zirconium and related alloys
11 %
9 %
9 %
10 %
8 %
Precision rolled strip products
5 %
5 %
5 %
5 %
5 %
Total
100 %
100 %
100 %
100 %
100 %
(a) The Company's Chief Operating Decision Maker ("CODM") utilizes Segment EBITDA as a key metric to evaluate segment performance. Our measure of segment EBITDA, which we use to analyze the performance and results of our business segments, excludes net interest expense, income taxes, depreciation and amortization, special charges, unallocated corporate expenses, closed operations and other income (expense). See the Company's Form 10-Q for the reconciliation of Segment EBITDA to Income before taxes.
(c) Hot-Rolling and Processing Facility conversion service sales in the AA&S segment are excluded from this presentation.
ATI Inc.
Condensed Consolidated Balance Sheets
(Unaudited, dollars in millions)
June 28,
December 28,
2026
2025
ASSETS
Current Assets:
Cash and cash equivalents
$ 783.0
$ 416.7
Accounts receivable, net of allowances for doubtful accounts
646.6
686.1
Short-term contract assets
95.9
72.8
Inventories, net
1,667.5
1,403.2
Prepaid expenses and other current assets
87.4
101.2
Total Current Assets
3,280.4
2,680.0
Property, plant and equipment, net
1,980.7
1,940.6
Goodwill
225.2
225.2
Other assets
252.6
253.8
Total Assets
$ 5,738.9
$ 5,099.6
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable
$ 656.6
$ 568.2
Accrued liabilities
208.9
240.5
Short-term contract liabilities
143.5
146.4
Short-term debt and current portion of long-term debt
383.6
31.1
Other current liabilities
17.1
20.1
Total Current Liabilities
1,409.7
1,006.3
Long-term debt
1,808.4
1,718.3
Accrued postretirement benefits
150.8
158.5
Pension liabilities
43.2
41.4
Other long-term liabilities
328.6
258.4
Total Liabilities
3,740.7
3,182.9
Total ATI stockholders' equity
1,876.7
1,804.5
Noncontrolling interests
121.5
112.2
Total Equity
1,998.2
1,916.7
Total Liabilities and Equity
$ 5,738.9
$ 5,099.6
ATI Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited, dollars in millions)
Fiscal Year-To-Date Period Ended
June 28,
June 29,
2026
2025
Operating Activities:
Net income
$ 274.8
$ 204.5
Depreciation and amortization
89.0
82.4
Non-cash restructuring charges, net
5.1
—
Share-based compensation
14.1
14.6
Deferred taxes
17.5
33.5
Net gain from disposal of property, plant and equipment
(9.8)
0.2
Net loss on sales of businesses
3.7
Changes in operating assets and liabilities:
Inventories
(266.0)
(50.6)
Accounts receivable
39.8
(71.9)
Accounts payable
90.2
(56.0)
Retirement benefits
(3.2)
(4.1)
Accrued liabilities and other
8.5
(87.3)
Cash provided by operating activities
260.0
69.0
Investing Activities:
Purchases of property, plant and equipment
(123.8)
(125.4)
Proceeds from disposal of property, plant and equipment
5.6
0.1
Proceeds from sales of businesses, net of transaction costs
1.4
2.0
Other
—
4.1
Cash used in investing activities
(116.8)
(119.2)
Financing Activities:
Proceeds from issuance of senior notes
450.0
—
Repayment of finance lease obligations
(16.7)
(16.3)
Net borrowings under international credit facilities
2.5
—
Debt issuance costs
(5.7)
—
Purchase of treasury stock
(125.0)
(320.0)
Taxes on share-based compensation and other
(81.7)
(29.5)
Cash provided by (used in) financing activities
223.4
(365.8)
Effect of exchange rate changes on cash and cash equivalents
(0.3)
14.4
Increase (decrease) in cash and cash equivalents
366.3
(401.6)
Cash and cash equivalents at beginning of period
416.7
721.2
Cash and cash equivalents at end of period
$ 783.0
$ 319.6
ATI Inc.
Revenue by Market
(Unaudited, dollars in millions)
Fiscal Quarter Ended
Fiscal Year-To-Date Period
Ended
June 28,
March 29,
June 29,
June 28,
June 29,
2026
2026
2025
2026
2025
Aerospace & Defense:
Jet Engines-
Commercial
$ 508.3
40 %
$ 472.0
41 %
$ 447.8
39 %
$ 980.3
41 %
$ 869.2
38 %
Airframes- Commercial
191.7
15 %
186.6
16 %
195.2
17 %
378.3
16 %
401.0
17 %
Defense
162.0
13 %
139.0
12 %
118.8
11 %
301.0
12 %
246.0
11 %
Total Aerospace &
Defense
862.0
68 %
797.6
69 %
761.8
67 %
1,659.6
69 %
1,516.2
66 %
Other Markets:
Specialty Energy
59.2
5 %
61.6
5 %
63.5
6 %
120.8
5 %
114.0
5 %
Electronics
38.2
3 %
28.3
3 %
43.7
4 %
66.5
3 %
83.3
4 %
Medical
23.0
2 %
27.5
3 %
38.9
3 %
50.5
2 %
81.3
4 %
Automotive
72.3
6 %
61.5
5 %
64.8
6 %
133.8
5 %
125.4
5 %
Conventional Energy
103.5
8 %
84.2
7 %
92.9
8 %
187.7
8 %
214.7
9 %
Construction/Mining
34.9
3 %
39.0
3 %
33.3
3 %
73.9
3 %
66.2
3 %
Other
68.0
5 %
51.8
5 %
41.5
3 %
119.8
5 %
83.7
4 %
Total Other Markets
$ 399.1
32 %
$ 353.9
31 %
$ 378.6
33 %
$ 753.0
31 %
$ 768.6
34 %
Total
$ 1,261.1
100 %
$ 1,151.5
100 %
$ 1,140.4
100 %
$ 2,412.6
100 %
$ 2,284.8
100 %
ATI Inc.
Computation of Basic and Diluted Earnings Per Share Attributable to ATI
(Unaudited, dollars in millions, except per share amounts)
Fiscal Quarter Ended
Fiscal Year-To-Date
Period Ended
June 28,
March 29,
June 29,
June 28,
June 29,
2026
2026
2025
2026
2025
Numerator for Basic net income per common share -
Net income attributable to ATI
$ 151.0
$ 118.2
$ 100.7
$ 269.2
$ 197.7
Denominator for Basic net income per common share -
Weighted average shares outstanding
136.3
136.7
139.8
136.5
140.7
Effect of dilutive securities:
Share-based compensation
2.0
1.9
3.3
2.0
3.0
Denominator for Diluted net income per common
share -
Adjusted weighted average shares and assumed
conversions
138.3
138.6
143.1
138.5
143.7
Basic net income attributable to ATI per common share
$ 1.11
$ 0.86
$ 0.72
$ 1.97
$ 1.40
Diluted net income attributable to ATI per common
share
$ 1.09
$ 0.85
$ 0.70
$ 1.94
$ 1.38
ATI Inc.
Non-GAAP Financial Measures
(Unaudited, dollars in millions, except per share amounts)
The Company reports its financial results in accordance with accounting principles generally accepted in the United States of America ("GAAP"). This report includes financial performance measures that are not defined by GAAP, including Adjusted net income attributable to ATI, Adjusted EPS, Adjusted EBITDA, Segment EBITDA, Adjusted free cash flow and Managed working capital. The Company uses these non-GAAP financial measures to assist in assessing operating performance on a consistent basis across multiple reporting periods by removing the impact of special items, which can vary from period to period, that management does not believe are directly reflective of the Company's core operations. The Company defines special items as significant non-recurring or non-operational charges or credits, restructuring and other charges/credits, gains or losses from the sale of accounts receivable, strike related costs, goodwill and long-lived asset impairments, debt extinguishment charges, pension remeasurement gains and losses, other postretirement/pension curtailment and settlement gains and losses, and gains or losses on sales of businesses.
Adjusted net income attributable to ATI and related Adjusted EPS are calculated by adjusting net income attributable to ATI for the tax-effected impact of special items. We define Adjusted EBITDA as net income, excluding net interest expense, income taxes, depreciation and amortization, and special items. Our measure of segment EBITDA, which we use to analyze the performance and results of our business segments, excludes net interest expense, income taxes, depreciation and amortization, special charges, corporate expenses, closed operations and other income (expense). Our methods of calculating Adjusted free cash flow and Managed working capital are discussed in greater detail below under the headings "Adjusted Free Cash Flow" and "Managed Working Capital," respectively.
Management believes presenting these non-GAAP financial measures is useful to investors because it (1) provides investors with meaningful supplemental information regarding financial and operating performance by excluding certain items management believes do not directly impact the Company's core operations, (2) permits investors to view performance using the same metrics that management uses to forecast, evaluate performance, and make operating and strategic decisions, and (3) provides additional information on a period-to-period consistent basis using measures commonly used to analyze companies' operating performance. Management believes that consideration of these non-GAAP financial measures, together with our GAAP financial measures and the corresponding reconciliations, provides investors with a better understanding of the Company's performance and trends that would be absent such disclosures.
Non-GAAP financial measures should be viewed in addition to, and not superior to or as an alternative for, the Company's reported results prepared in accordance with GAAP. The following tables provide the calculation of the non-GAAP financial measures discussed in this press release:
Net Income Attributable to ATI
Fiscal Quarter Ended
June 28, 2026
March 29, 2026
June 29, 2025
EPS
EPS
EPS
Net income attributable to ATI
$ 151.0
$ 1.09
$ 118.2
$ 0.85
$ 100.7
$ 0.70
Adjustments for special items, pre-tax:
Restructuring and other charges(a)
23.6
26.4
7.4
Pension remeasurement loss(b)
—
—
—
Loss (gain) on sales of businesses(c)
—
—
—
Total pre-tax adjustments for special items
23.6
0.17
26.4
0.19
7.4
0.05
Income tax on adjustments for special items
(4.9)
(0.03)
(5.4)
(0.04)
(1.7)
(0.01)
Adjusted Net income attributable to ATI
$ 169.7
$ 1.23
$ 139.2
$ 1.00
$ 106.4
$ 0.74
Earnings before interest, taxes, depreciation and amortization
(EBITDA)
Fiscal Quarter Ended
June 28, 2026
March 29, 2026
June 29, 2025
Net income attributable to ATI
$ 151.0
$ 118.2
$ 100.7
Net income attributable to noncontrolling
interests
3.3
2.3
3.3
Net income
154.3
120.5
104.0
(+) Depreciation and amortization
44.0
45.0
41.6
(+) Interest expense
23.9
23.7
25.4
(+) Income tax provision
38.6
16.1
29.3
EBITDA
260.8
205.3
200.3
Adjustments for special items, pre-tax:
(+) Restructuring and other charges(a)
23.6
26.4
7.4
(+) Pension remeasurement loss(b)
—
—
—
(+/-) Loss (gain) on sales of businesses(c)
—
—
—
Adjusted EBITDA
$ 284.4
$ 231.7
$ 207.7
(a) Second quarter 2026 includes pre-tax charges of $23.6 million consisting of $10.1 million of start-up and transaction-related costs, $7.0 million of transformation-related costs, $3.9 million of restructuring-related costs for severance and facility rationalization activities, and $2.6 million of losses on the sale of customer accounts receivable. First quarter 2026 includes pre-tax charges of $26.4 million consisting of $11.1 million of start-up and transaction-related costs, $8.1 million of restructuring-related severance and impairment costs primarily due to facility rationalization activities, $4.8 million of transformation-related costs, and $2.4 million of losses on the sale of customer accounts receivable. Second quarter 2025 includes pre-tax charges of $7.4 million primarily for start-up and transaction-related costs.
Adjusted Free Cash Flow
Management uses a non-GAAP measure, Adjusted free cash flow, to assess the cash flow generation of the Company's operations. Adjusted free cash flow is defined as the total cash provided by (used in) operating activities and investing activities as presented on the consolidated statements of cash flows, adjusted to exclude cash contributions to the Company's U.S. qualified defined benefit pension plan.
Management utilizes this measure to assess the cash flow generation performance of its business as it excludes cash contributions to the Company's U.S. qualified defined benefit pension plan that are periodic rather than recurring. The impact of cash generated from the sale of assets and non-core businesses is included in the measure as the proceeds of such transactions are considered by Management in setting capital budgets to fund capital expenditures. Management believes this measure provides investors with additional meaningful insights as to the Company's ability to generate cash in excess of operational and investing needs. Adjusted free cash flow is not intended to be a measure of free cash flow for management's discretionary use, as it does not consider certain cash requirements such as interest, tax, or other contractually required payments. Further, adjusted free cash flow should be viewed in addition to, and not superior to or as an alternative for, the Company's reported results prepared in accordance with GAAP.
Fiscal Quarter Ended
Fiscal Year-To-Date Period
Ended
June 28, 2026
June 29, 2025
June 28, 2026
June 29, 2025
Cash provided by operating activities
$ 131.8
$ 161.5
$ 260.0
$ 69.0
Add back: Cash contributions to U.S.
qualified defined benefit pension plan
—
—
—
—
Cash provided by operating activities
excluding pension contributions
131.8
161.5
260.0
69.0
Cash used in investing activities
(63.2)
(68.6)
(116.8)
(119.2)
Adjusted Free Cash Flow
$ 68.6
$ 92.9
$ 143.2
$ (50.2)
Managed Working Capital
As part of managing the performance of our business, we focus on Managed working capital, a non-GAAP financial measure that we define as gross accounts receivable, short-term contract assets and gross inventories, excluding the effects of reserves for uncollectible accounts receivable and inventory valuation reserves, less accounts payable and short-term contract liabilities. We assess Managed working capital performance as a percentage of the prior three months' annualized sales. Managed working capital is not intended to replace working capital or other GAAP financial measures or to be used as a measure of liquidity.
Management believes this non-GAAP financial measure focuses on the assets and liabilities most closely attributable to our core operations, allowing Management to quantify and evaluate the asset intensity of our business. Further, Management believes this non-GAAP financial measure provides investors with additional insights into the Company's effectiveness in balancing the need to maintain appropriate asset levels to support sales growth and operations while deploying our cash effectively.
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Stock to Watch: ATI (ATI - Free Report) Pittsburgh, PA-based ATI Inc. is a diversified specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
ATI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. ATI has a Growth Style Score of A, forecasting year-over-year earnings growth of 38.6% for the current fiscal year.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.06 to $4.49 per share. ATI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ATI should be on investors' short list.
Cetera Investment Advisers boosted its stake in shares of ATI Inc. (NYSE:ATI – Free Report) by 75.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,675 shares of the basic materials company’s stock after buying an additional 11,492 shares during the quarter. Cetera Investment Advisers’ holdings in ATI were worth $3,880,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in ATI. Meeder Asset Management Inc. grew its position in shares of ATI by 2.8% during the 1st quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after acquiring an additional 74 shares during the period. Lido Advisors LLC raised its holdings in shares of ATI by 2.7% in the 3rd quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 101 shares during the period. Signature Equity Partners LLC raised its holdings in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 123 shares during the period. Activest Wealth Management lifted its stake in ATI by 17.6% in the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in ATI by 2.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock valued at $827,000 after purchasing an additional 140 shares during the last quarter.
ATI Price Performance Shares of NYSE ATI opened at $200.45 on Wednesday. The stock has a market cap of $27.36 billion, a PE ratio of 66.37, a price-to-earnings-growth ratio of 1.54 and a beta of 0.98. ATI Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $205.31. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. The stock has a fifty day moving average of $189.59 and a 200-day moving average of $162.77.
Insider Buying and Selling In other ATI news, CEO Kimberly A. Fields sold 59,749 shares of ATI stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the completion of the transaction, the chief executive officer owned 218,014 shares of the company’s stock, valued at $39,039,766.98. The trade was a 21.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 192,199 shares of company stock valued at $34,601,100. 0.98% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth ATI has been the subject of a number of recent research reports. BTIG Research raised their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their target price on ATI from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. KeyCorp increased their price target on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $194.00 price objective on shares of ATI in a report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, ATI presently has a consensus rating of “Buy” and a consensus target price of $187.62.
Check Out Our Latest Stock Analysis on ATI
About ATI (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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Key Takeaways ATI is set to report Q2 results on Aug. 6, with revenues estimated at $1.22 billion, up 6.98%.Aerospace, defense and specialty energy demand is expected to lift shipments and expand margins.Pricing, operational efficiencies and cost initiatives may support earnings growth. ATI Inc. (ATI - Free Report) is set to release second-quarter 2026 results before the market opens on Aug. 6.
The company surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with an earnings surprise of roughly 8.56% on average. It posted an earnings surprise of 13.6% in the last reported quarter. ATI is expected to have benefited from strong aerospace and defense demand, favorable pricing and operational efficiencies.
ATI’s shares have gained 159.4% over the past year compared with the Zacks Aerospace - Defense Equipment industry’s 9.8% growth.
Image Source: Zacks Investment Research
Let’s see how things are shaping up for this announcement.
What do ATI’s Revenue Estimates Say?The Zacks Consensus Estimate for second-quarter consolidated revenues for ATI is currently pegged at $1,220 million, indicating a year-over-year rise of 6.98%.
Factors at Play for ATI StockATI is expected to have benefited from strong demand across aerospace, defense and specialty energy markets in the second quarter, supporting higher shipments of proprietary alloys, forgings and specialty materials while driving margin expansion. The ongoing ramp in commercial aircraft production, increasing adoption of next-generation jet engines and rising defense spending are likely to have remained key growth drivers. The company also continues to benefit from investments in nuclear power and gas turbine infrastructure to meet rising electricity demand from AI-driven data centers.
Its financial outlook remains supported by expanding margins, strong free cash flow generation and disciplined capital allocation. ATI expects adjusted free cash flow of $465-$525 million for full-year 2026, reflecting continued confidence in its earnings. Investments in its nickel melt system and new vacuum induction melting capacity are expected to strengthen its differentiated product portfolio while limiting execution risk.
Earnings growth is also expected to have been supported by favorable pricing, cost reductions, productivity improvements, operational efficiencies and ATI's strong competitive position in titanium and nickel-based superalloys. Continued debt reduction, disciplined share repurchases and targeted capital investments in high-margin aerospace applications further position the company to outperform expectations and sustain profitable growth.
What Our Model Unveils for ATI StockOur proven model predicts an earnings beat for ATI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is just the case here.
Earnings ESP: Earnings ESP for ATI is +1.32%. The Zacks Consensus Estimate for the second quarter is currently pegged at $1.03. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: ATI currently carries a Zacks Rank #2.
Stocks That Warrant a LookHere are some companies you may want to consider, as our model shows these have the right combination of elements to post an earnings beat this quarter:
Avient Corporation (AVNT - Free Report) , scheduled to release earnings on Aug. 6, has an Earnings ESP of +0.87% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for AVNT’s earnings for the second quarter is currently pegged at 89 cents.
Albemarle Corporation (ALB - Free Report) , scheduled to release earnings on Aug. 5, has an Earnings ESP of +2.21% and carries a Zacks Rank #3 at present.
The consensus mark for ALB’s second-quarter earnings is currently pegged at $3.35.
Materion Corporation (MTRN - Free Report) , slated to release earnings on Aug. 5, has an Earnings ESP of +5.39%.
The Zacks Consensus Estimate for MTRN's earnings for the second quarter is currently pegged at $1.55. MTRN currently carries a Zacks Rank #2.
The upcoming report from ATI (ATI - Free Report) is expected to reveal quarterly earnings of $1.03 per share, indicating an increase of 39.2% compared to the year-ago period. Analysts forecast revenues of $1.22 billion, representing an increase of 7% year over year.
The current level reflects an upward revision of 1.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific ATI metrics that are routinely monitored and predicted by Wall Street analysts.
The average prediction of analysts places 'Sales- High Performance Materials & Components' at $669.44 million. The estimate points to a change of +10% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Sales- Advanced Alloys & Solutions' of $549.60 million. The estimate suggests a change of +3.4% year over year.
The consensus among analysts is that 'EBITDA- Advanced Alloys & Solutions' will reach $91.71 million. The estimate is in contrast to the year-ago figure of $76.70 million.
The combined assessment of analysts suggests that 'EBITDA- High Performance Materials & Components' will likely reach $159.81 million. The estimate is in contrast to the year-ago figure of $144.00 million.
View all Key Company Metrics for ATI here>>>
Shares of ATI have demonstrated returns of +0.6% over the past month compared to the Zacks S&P 500 composite's +1.7% change. With a Zacks Rank #2 (Buy), ATI is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Investors interested in Aerospace stocks should always be looking to find the best-performing companies in the group. ATI (ATI - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.
ATI is one of 76 individual stocks in the Aerospace sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ATI is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ATI's full-year earnings has moved 2.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, ATI has returned 63.3% so far this year. Meanwhile, stocks in the Aerospace group have gained about 3.5% on average. This means that ATI is performing better than its sector in terms of year-to-date returns.
One other Aerospace stock that has outperformed the sector so far this year is Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock is up 26.2% year-to-date.
For Rolls-Royce Holdings PLC, the consensus EPS estimate for the current year has increased 10.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, ATI belongs to the Aerospace - Defense Equipment industry, which includes 36 individual stocks and currently sits at #62 in the Zacks Industry Rank. On average, stocks in this group have gained 5.3% this year, meaning that ATI is performing better in terms of year-to-date returns. Rolls-Royce Holdings PLC is also part of the same industry.
Going forward, investors interested in Aerospace stocks should continue to pay close attention to ATI and Rolls-Royce Holdings PLC as they could maintain their solid performance.
In the latest close session, ATI (ATI - Free Report) was up +2.24% at $181.90. The stock outpaced the S&P 500's daily gain of 1.66%. Meanwhile, the Dow gained 1.19%, and the Nasdaq, a tech-heavy index, added 2.78%.
Coming into today, shares of the maker of steel and specialty metals had lost 7.42% in the past month. In that same time, the Aerospace sector lost 2.26%, while the S&P 500 lost 1.49%.
Analysts and investors alike will be keeping a close eye on the performance of ATI in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. On that day, ATI is projected to report earnings of $1.03 per share, which would represent year-over-year growth of 39.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.22 billion, up 6.98% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.49 per share and revenue of $4.97 billion. These totals would mark changes of +38.58% and +8.4%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ATI. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.88% higher within the past month. At present, ATI boasts a Zacks Rank of #2 (Buy).
In terms of valuation, ATI is currently trading at a Forward P/E ratio of 39.65. This expresses a premium compared to the average Forward P/E of 35.85 of its industry.
It's also important to note that ATI currently trades at a PEG ratio of 1.42. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Aerospace - Defense Equipment industry stood at 2.28 at the close of the market yesterday.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 70, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Wall Street expects a year-over-year increase in earnings on higher revenues when ATI (ATI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on August 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis maker of steel and specialty metals is expected to post quarterly earnings of $1.03 per share in its upcoming report, which represents a year-over-year change of +39.2%.
Revenues are expected to be $1.22 billion, up 7% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.53% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for ATI?For ATI, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.32%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that ATI will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that ATI would post earnings of $0.88 per share when it actually produced earnings of $1.00, delivering a surprise of +13.64%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ATI appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Aerospace - Defense Equipment industry, Curtiss-Wright (CW - Free Report) , is soon expected to post earnings of $3.62 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +12.1%. Revenues for the quarter are expected to be $930.6 million, up 6.2% from the year-ago quarter.
The consensus EPS estimate for Curtiss-Wright has been revised 0.9% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.36%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Curtiss-Wright will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
When we join a positive earnings ESP with a Zacks Rank #3 (Hold) or stronger, stocks posted a positive bottom-line surprise 70% of the time. Plus, this system saw investors produce roughly 28% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider ATI?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. ATI (ATI - Free Report) holds a #2 (Buy) at the moment and its Most Accurate Estimate comes in at $1.05 a share nine days away from its upcoming earnings release on August 6, 2026.
ATI has an Earnings ESP figure of +1.32%, which, as explained above, is calculated by taking the percentage difference between the $1.05 Most Accurate Estimate and the Zacks Consensus Estimate of $1.03. ATI is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
ATI is part of a big group of Aerospace stocks that boast a positive ESP, and investors may want to take a look at TransDigm Group (TDG - Free Report) as well.
Slated to report earnings on August 4, 2026, TransDigm Group holds a #3 (Hold) ranking on the Zacks Rank, and its Most Accurate Estimate is $10.26 a share seven days from its next quarterly update.
TransDigm Group's Earnings ESP figure currently stands at +0.42% after taking the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $10.21.
ATI and TDG's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Exploration Authorizations Clear the Way for Systematic Drilling of the Company's Historical Crown Pillar and Priority Exploration Targets
VANCOUVER, BC / ACCESS Newswire / July 28, 2026 / ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) ("ESGold" or the "Company") is pleased to announce that it has received its Authorization of Impact-Causing Exploration Work ("ATI") from Québec's Ministère des Ressources naturelles et des Forêts for the Company's planned drilling program at its 100%-owned Montauban Gold-Silver Project in Québec ("Montauban Project").
Receipt of the ATI represents a major regulatory milestone for ESGold as the ATI allows the Company to proceed with final field preparations and contractor mobilization for its upcoming exploration program. The exploration program will be carried out concurrently with the continued development of ESGold's fully permitted tailings reprocessing operation, which remains the Company's primary near-term objective.
This initial exploration program will focus on systematically evaluating the historical crown-pillar mineralization and testing priority exploration targets developed through the integration of historical drilling, geological interpretation, Ambient Noise Tomography ("ANT") data and ESGold's evolving three-dimensional geological model.
Exploration Program Highlights
Tailings reprocessing remains the cornerstone of ESGold's near-term strategy.
Exploration drilling is complementary and supports long-term growth.
ESGold has received the ATI required to conduct its planned drilling program at the Montauban Project.
Final drill-site preparations, access planning and contractor mobilization are now advancing.
Initial drilling will focus on the historical crown-pillar area and selected priority exploration targets.
Drill results will be incorporated into ESGold's geological model and used to guide subsequent district-scale exploration.
ESGold is committed to transparent communication with local communities.
Planned Montauban Drill Program
The first component of the planned drill program will focus on the historical crown-pillar area, where ESGold intends to better define the geometry, continuity, thickness and grade distribution of the near-surface mineralization located within and surrounding the former mine workings.
The crown pillar represents an important target that has not previously been systematically evaluated using modern drilling, geophysics and three-dimensional geological modelling. Results from the program are expected to support an updated geological interpretation and guide future technical and resource evaluation work.
The Company also intends to test selected step-out and exploration targets identified through its ANT surveys, historical drilling and mine records, structural interpretation and integrated geological model.
ESGold's initial ANT survey and subsequent modelling identified an interpreted mineralized corridor extending approximately 900 metres in depth and over at least two kilometres of strike within the original survey area. The interpreted system widened at depth and remained open where it reached the boundaries of the initial survey coverage.
The Company subsequently expanded its ANT survey coverage to approximately 70 square kilometres to investigate the broader geological architecture of the Montauban district and identify additional priority targets.
The planned drilling program will begin the process of directly testing these geological interpretations.
From Interpretation to Physical Proof
Over the past several years, ESGold has consolidated and digitized extensive historical exploration information, completed modern geophysical surveys and developed an integrated geological model that has materially advanced the Company's understanding of the Montauban system.
Receipt of the ATI moves the exploration program from geological interpretation and target development into direct subsurface testing.
Drill core generated during the program will be logged, sampled and submitted to an accredited laboratory for analysis. Results will be incorporated into the Company's geological model and used to refine the location and sequencing of subsequent drill targets.
"This is a major milestone for ESGold and the Montauban Project," said Gordon Robb, Chief Executive Officer of ESGold Corp. "Receiving the ATI removes the principal regulatory dependency standing between the Company and the commencement of our planned exploration drilling.
"We have spent considerable time compiling historical information, completing modern geophysical work and developing an integrated geological model. We are now in a position to begin testing that work with the drill.
"Our initial focus will be the systematic evaluation of the historical crown pillar, together with priority targets generated through the integration of ANT imaging, historical drilling and structural interpretation. This is where geological interpretation begins to become physical proof.
"Exploration drilling will advance alongside construction of our permitted tailings to reprocessing operation. ESGold is now positioned to move both sides of its strategy forward: advancing the Montauban Project toward near-term operations while systematically evaluating the broader district-scale exploration opportunity."
The exploration program complements, rather than changes, ESGold's development strategy. While the Company continues advancing construction and commissioning of its permitted tailings processing operation, the drilling campaign is intended to strengthen the geological understanding of the Montauban district and support future exploration initiatives for the Company.
Next Steps for the Company
With the ATI now received, ESGold is finalizing drill-site preparation, access planning, contractor mobilization and the sequencing of its initial drill targets.
The program is expected to begin with drilling in the historical crown-pillar area, followed by targeted step-out holes designed to evaluate the potential continuation of mineralization along strike and at depth.
The Company's next key exploration milestones will include:
Mobilization of drilling personnel and equipment;
Commencement of drilling;
Completion of the initial crown-pillar holes;
Core logging, sampling and laboratory analysis; and
Release and integration of initial assay results.
The location, sequence and scope of individual drill holes may be adjusted based on field conditions, geological observations and results received during the program.
Any potential future extraction of crown-pillar material remains subject to additional drilling, technical evaluation, engineering review, economic analysis and any further regulatory approvals that may be required.
This initial exploration program does not change the Company's development priorities. The objective of this exploration program is to improve geological knowledge while construction and commissioning of the permitted tailings processing project continues.
Advancing Montauban on Two Fronts
This initial exploration program forms a central component of ESGold's dual-track strategy at its Montauban Project.
In parallel with drilling, the Company continues to advance construction, equipment procurement and site development for its permitted tailings reprocessing operation.
The Company's primary objective is to establish a near-term operating platform at Montauban while systematically testing the larger mineralized system surrounding the historical mining camp.
Receipt of the ATI adds a significant new catalyst to that strategy and provides ESGold with the authorization required to begin converting geological targets into drill-tested evidence.
Where feasible, ESGold intends to utilize local contractors, suppliers and service providers during the execution of this initial drill program.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed and approved by André Gauthier, P. Eng. and P. Geo., a Director of ESGold Corp. and a Qualified Person within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
The geological interpretations and exploration targets discussed in this news release are conceptual in nature. There has been insufficient exploration to define a mineral resource associated with these targets, and it is uncertain whether further exploration will result in any target being delineated as a mineral resource.
About ESGold Corp.
ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The Company's flagship Montauban Gold-Silver Project in Quebec is under construction. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram channel.
For further information on the Company, please contact:
Email: [email protected] or [email protected] or [email protected]
Phone: 604-885-1348 or 1-888-370-1059 or 250-217-2321
On behalf of the Board of Directors of ESGold Corp.
Gordon Robb
Chief Executive Officer & Director
Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the metallurgical recoveries, project economics, construction timelines and equipment deliverables, and exploration activities and potential. Forward-looking information is based on reasonable assumptions believed to be current but involves known and unknown risks and uncertainties that may cause actual results to differ materially. Historical data referenced herein is not current, has not been independently verified by ESGold, and should not be relied upon for investment decisions. ESGold disclaims any obligation to update or revise forward-looking information except as required by law.
These forward-looking statements reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: the construction timelines and exploration activities at the Montauban Project, the ANT-based 3D geological model, its results and interpretation of the same, conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company's ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption "Risks Factors" in the Company's continuous disclosure documents filed on SEDAR+ at www.sedarplus.com.
Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.
Entropy Technologies LP purchased a new stake in shares of ATI Inc. (NYSE:ATI – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 19,026 shares of the basic materials company’s stock, valued at approximately $2,768,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Equity Partners LLC boosted its position in ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after buying an additional 123 shares during the last quarter. Allworth Financial LP increased its position in shares of ATI by 50.8% during the third quarter. Allworth Financial LP now owns 534 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 180 shares during the last quarter. Torren Management LLC purchased a new stake in shares of ATI during the fourth quarter worth about $52,000. Summit Securities Group LLC purchased a new stake in shares of ATI during the first quarter worth about $60,000. Finally, Hollencrest Capital Management lifted its stake in shares of ATI by 283.1% in the first quarter. Hollencrest Capital Management now owns 452 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 334 shares in the last quarter.
ATI Stock Performance Shares of ATI stock opened at $197.47 on Monday. The firm has a market cap of $26.95 billion, a PE ratio of 65.39, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96. The firm’s 50-day simple moving average is $185.32 and its 200-day simple moving average is $159.48. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.17 and a current ratio of 2.67. ATI Inc. has a 1 year low of $70.42 and a 1 year high of $205.31.
ATI (NYSE:ATI – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.88 by $0.12. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.19 billion. ATI had a net margin of 9.26% and a return on equity of 26.44%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities analysts forecast that ATI Inc. will post 4.49 earnings per share for the current fiscal year.
Analysts Set New Price Targets A number of research analysts recently commented on the company. TD Cowen increased their price target on ATI from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 13th. KeyCorp lifted their price objective on ATI from $175.00 to $211.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Susquehanna increased their target price on ATI from $185.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings upgraded ATI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $176.78.
View Our Latest Stock Report on ATI
Insider Transactions at ATI In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $182.91, for a total transaction of $7,316,400.00. Following the transaction, the chief executive officer owned 157,321 shares of the company’s stock, valued at $28,775,584.11. This trade represents a 20.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 160,442 shares of company stock worth $28,535,831 in the last 90 days. Corporate insiders own 0.98% of the company’s stock.
About ATI (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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Bank of Nova Scotia grew its holdings in shares of ATI Inc. (NYSE:ATI – Free Report) by 92.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 467,149 shares of the basic materials company’s stock after buying an additional 224,949 shares during the quarter. Bank of Nova Scotia owned 0.34% of ATI worth $67,951,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Meeder Asset Management Inc. grew its stake in shares of ATI by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 2,754 shares of the basic materials company’s stock valued at $401,000 after buying an additional 74 shares in the last quarter. Lido Advisors LLC grew its position in ATI by 2.7% in the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock valued at $308,000 after acquiring an additional 101 shares in the last quarter. Signature Equity Partners LLC grew its position in ATI by 208.5% in the first quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 123 shares in the last quarter. Activest Wealth Management raised its stake in shares of ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock valued at $96,000 after purchasing an additional 125 shares during the period. Finally, D.A. Davidson & CO. lifted its position in shares of ATI by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 140 shares in the last quarter.
Insider Buying and Selling at ATI In related news, CEO Kimberly A. Fields sold 59,749 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $179.07, for a total transaction of $10,699,253.43. Following the transaction, the chief executive officer directly owned 218,014 shares of the company’s stock, valued at approximately $39,039,766.98. The trade was a 21.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 160,442 shares of company stock worth $28,535,831 in the last quarter. Insiders own 0.98% of the company’s stock.
ATI Stock Performance ATI opened at $197.47 on Friday. The business has a 50 day moving average price of $185.32 and a two-hundred day moving average price of $159.20. ATI Inc. has a 1-year low of $70.42 and a 1-year high of $205.31. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 65.39, a price-to-earnings-growth ratio of 1.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.67 and a quick ratio of 1.17.
ATI (NYSE:ATI – Get Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $0.72 earnings per share. ATI’s revenue was up .6% compared to the same quarter last year. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Research analysts predict that ATI Inc. will post 4.49 EPS for the current fiscal year.
Analysts Set New Price Targets A number of equities research analysts recently weighed in on the stock. Susquehanna raised their price target on shares of ATI from $185.00 to $215.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Wells Fargo & Company initiated coverage on shares of ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 price objective for the company. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Wall Street Zen upgraded ATI from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Zacks Research raised ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, ATI currently has a consensus rating of “Buy” and an average price target of $176.78.
View Our Latest Stock Report on ATI
About ATI (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
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In the latest trading session, ATI (ATI - Free Report) closed at $197.80, marking a -1.02% move from the previous day. This move lagged the S&P 500's daily gain of 0.05%. On the other hand, the Dow registered a gain of 0.46%, and the technology-centric Nasdaq decreased by 0.64%.
Shares of the maker of steel and specialty metals witnessed a gain of 0.17% over the previous month, beating the performance of the Aerospace sector with its loss of 1.06%, and underperforming the S&P 500's gain of 0.61%.
Analysts and investors alike will be keeping a close eye on the performance of ATI in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. It is anticipated that the company will report an EPS of $1.03, marking a 39.19% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.22 billion, up 6.98% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.49 per share and a revenue of $4.97 billion, signifying shifts of +38.58% and +8.4%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ATI. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.27% upward. ATI currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, ATI is currently exchanging hands at a Forward P/E ratio of 44.53. This denotes a premium relative to the industry average Forward P/E of 37.1.
Investors should also note that ATI has a PEG ratio of 1.59 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ATI's industry had an average PEG ratio of 2.32 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced it will lead the development of next-g
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and ATI (ATI - Free Report) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. ATI is quite a good fit in this regard, gaining 28.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 0.2% over the past four weeks ensures that the trend is still in place for the stock of this maker of steel and specialty metals.
Moreover, ATI is currently trading at 95.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in ATI may not reverse anytime soon.
In addition to ATI, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
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In the latest close session, ATI (ATI - Free Report) was up +2.17% at $199.84. The stock's change was more than the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Heading into today, shares of the maker of steel and specialty metals had lost 1.01% over the past month, outpacing the Aerospace sector's loss of 3.53% and lagging the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of ATI in its upcoming release. The company plans to announce its earnings on August 6, 2026. In that report, analysts expect ATI to post earnings of $1.03 per share. This would mark year-over-year growth of 39.19%. Our most recent consensus estimate is calling for quarterly revenue of $1.22 billion, up 6.98% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.49 per share and a revenue of $4.97 billion, representing changes of +38.58% and +8.4%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ATI. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.27% rise in the Zacks Consensus EPS estimate. Right now, ATI possesses a Zacks Rank of #2 (Buy).
Digging into valuation, ATI currently has a Forward P/E ratio of 43.58. This represents a premium compared to its industry average Forward P/E of 37.73.
It's also important to note that ATI currently trades at a PEG ratio of 1.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
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Stock to Watch: ATI (ATI - Free Report) Pittsburgh, PA-based ATI Inc. is a diversified specialty materials producer. The company was created in November 1999 when Allegheny Teledyne spun out Teledyne Technologies and Water Pik Technologies into standalone companies.
ATI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. ATI has a Growth Style Score of A, forecasting year-over-year earnings growth of 38.6% for the current fiscal year.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.06 to $4.49 per share. ATI boasts an average earnings surprise of +8.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ATI should be on investors' short list.
Allspring Global Investments Holdings LLC trimmed its position in shares of ATI Inc. (NYSE:ATI – Free Report) by 13.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,246 shares of the basic materials company’s stock after selling 83,461 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.38% of ATI worth $78,687,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. grew its position in shares of ATI by 29.9% during the first quarter. D.A. Davidson & CO. now owns 9,355 shares of the basic materials company’s stock worth $1,361,000 after acquiring an additional 2,153 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of ATI during the first quarter valued at $1,106,000. Sigma Planning Corp bought a new stake in shares of ATI during the first quarter valued at about $1,530,000. Avantax Planning Partners Inc. acquired a new stake in ATI in the first quarter worth approximately $244,000. Finally, Archer Investment Corp acquired a new stake in ATI in the first quarter worth approximately $220,000.
ATI Stock Up 0.1% NYSE:ATI opened at $185.77 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.67 and a debt-to-equity ratio of 0.95. ATI Inc. has a 12-month low of $70.42 and a 12-month high of $205.31. The firm has a market capitalization of $25.35 billion, a P/E ratio of 61.51, a P/E/G ratio of 1.48 and a beta of 0.96. The stock’s fifty day simple moving average is $181.89 and its 200-day simple moving average is $156.44.
ATI (NYSE:ATI – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. ATI had a return on equity of 26.44% and a net margin of 9.26%.The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business posted $0.72 EPS. ATI’s revenue was up .6% on a year-over-year basis. ATI has set its Q2 2026 guidance at 0.980-1.040 EPS and its FY 2026 guidance at 4.200-4.480 EPS. Equities research analysts expect that ATI Inc. will post 4.49 earnings per share for the current year.
Wall Street Analysts Forecast Growth ATI has been the topic of a number of recent research reports. BTIG Research lifted their target price on ATI from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company assumed coverage on ATI in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $175.00 target price for the company. KeyCorp lifted their target price on ATI from $175.00 to $211.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded ATI from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, TD Cowen raised their price target on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $176.78.
Get Our Latest Research Report on ATI
Insider Buying and Selling In other ATI news, CEO Kimberly A. Fields sold 40,000 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $182.91, for a total value of $7,316,400.00. Following the sale, the chief executive officer directly owned 157,321 shares in the company, valued at approximately $28,775,584.11. This trade represents a 20.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 160,442 shares of company stock valued at $28,535,831 over the last ninety days. 0.98% of the stock is currently owned by corporate insiders.
ATI Company Profile (Free Report)
Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.
Read More Five stocks we like better than ATI AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding ATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ATI Inc. (NYSE:ATI – Free Report).
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