Allegheny Technologies Inc. Fourth Quarter Earnings on Horizon

S&P 500 (NYSE:SPY) component Allegheny Technologies, Inc. (NYSE:ATI) will unveil its latest earnings on Wednesday, January 25, 2012. Allegheny Technologies is a global producer of specialty metals. Through its innovative technologies, the company offers a wide range of specialty metals solutions and products, which include titanium and titanium alloys, nickel-based and superalloys, etc.

Allegheny Technologies, Inc. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 55 cents per share, a rise of 77.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 70 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 56 cents during the last month. For the year, analysts are projecting profit of $2.42 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the third quarter, it reported net income of 63 cents per share against a mean estimate of profit of 61 cents per share. In the second quarter, it missed forecasts by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.31 billion in revenue this quarter, a rise of 26% from the year ago quarter. Analysts are forecasting total revenue of $5.24 billion for the year, a rise of 29.4% from last year’s revenue of $4.05 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 6130% to $62.3 million (56 cents a share) from $1 million (one cent a share) the year earlier, exceeding analyst expectations. Revenue rose 27.7% to $1.35 billion from $1.06 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 30%, with the biggest boost coming in the first quarter when revenue rose 36.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 75.8% in the second quarter and more than threefold in the first quarter.

Competitors to Watch: RTI Intl. Metals, Inc. (NYSE:RTI), China Direct Industries, Inc. (NASDAQ:CDII), Titanium Metals Corp. (NYSE:TIE), AK Steel Holding Corp. (NYSE:AKS), Precision Castparts Corp. (NYSE:PCP), ArcelorMittal (NYSE:MT), Schnitzer Steel (NASDAQ:SCHN), Steel Dynamics (NASDAQ:STLD) and Nucor (NYSE:NUE).

Stock Price Performance: During October 21, 2011 to January 19, 2012, the stock price had risen $11.23 (27.8%) from $40.39 to $51.62. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 10.7% (+$6.97) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 19.7% (-$12.92) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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