Allegheny Technologies Incorporated Stock Gross Profit

ATI Stock  USD 50.92  0.71  1.41%   
Allegheny Technologies Incorporated fundamentals help investors to digest information that contributes to Allegheny Technologies' financial success or failures. It also enables traders to predict the movement of Allegheny Stock. The fundamental analysis module provides a way to measure Allegheny Technologies' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allegheny Technologies stock.
The Allegheny Technologies' current Gross Profit Margin is estimated to increase to 0.17, while Gross Profit is projected to decrease to under 460.2 M.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Allegheny Gross Profit Analysis

Allegheny Technologies' Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Allegheny Technologies Gross Profit

460.23 Million

Gross Profit

 = 

Revenue

-

Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Allegheny Technologies Gross Profit

    
  714.2 M  
Most of Allegheny Technologies' fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allegheny Technologies Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Allegheny Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Allegheny Technologies is extremely important. It helps to project a fair market value of Allegheny Stock properly, considering its historical fundamentals such as Gross Profit. Since Allegheny Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Allegheny Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Allegheny Technologies' interrelated accounts and indicators.
-0.160.90.460.810.650.260.890.240.190.830.68-0.710.240.690.57-0.610.410.510.93-0.350.020.520.180.020.59-0.270.45-0.32-0.210.17
-0.16-0.050.150.08-0.090.150.110.38-0.31-0.25-0.440.08-0.790.080.320.2-0.23-0.25-0.04-0.18-0.120.01-0.22-0.3-0.62-0.050.15-0.21-0.040.01
0.9-0.050.150.890.580.340.90.45-0.160.510.5-0.550.240.770.49-0.30.030.140.85-0.560.250.82-0.16-0.270.59-0.480.59-0.44-0.140.09
0.460.150.150.160.290.050.37-0.240.50.720.27-0.46-0.18-0.010.33-0.810.810.660.52-0.18-0.48-0.320.720.39-0.020.280.27-0.02-0.170.13
0.810.080.890.160.360.130.930.41-0.210.470.29-0.370.180.810.63-0.16-0.10.080.81-0.380.260.8-0.36-0.470.53-0.410.58-0.74-0.530.49
0.65-0.090.580.290.360.750.370.330.40.540.8-0.31-0.070.38-0.02-0.440.450.330.46-0.33-0.010.320.290.420.18-0.310.410.230.040.01
0.260.150.340.050.130.750.110.470.020.060.550.02-0.130.35-0.37-0.030.19-0.20.02-0.40.350.30.150.22-0.17-0.150.430.270.16-0.14
0.890.110.90.370.930.370.110.34-0.120.620.33-0.650.140.740.74-0.420.10.280.92-0.440.090.64-0.1-0.340.49-0.290.5-0.63-0.310.25
0.240.380.45-0.240.410.330.470.34-0.46-0.110.10.06-0.050.580.040.27-0.35-0.390.18-0.370.210.61-0.38-0.430.19-0.290.35-0.26-0.060.03
0.19-0.31-0.160.5-0.210.40.02-0.12-0.460.590.43-0.21-0.17-0.350.07-0.70.730.840.140.48-0.61-0.550.60.89-0.130.14-0.190.43-0.090.13
0.83-0.250.510.720.470.540.060.62-0.110.590.71-0.710.180.370.51-0.840.780.830.750.01-0.3-0.020.580.380.420.080.15-0.07-0.240.21
0.68-0.440.50.270.290.80.550.330.10.430.71-0.460.340.48-0.04-0.490.630.430.39-0.090.190.150.490.450.42-0.070.130.260.02-0.03
-0.710.08-0.55-0.46-0.37-0.310.02-0.650.06-0.21-0.71-0.46-0.13-0.35-0.60.71-0.45-0.64-0.70.20.19-0.06-0.43-0.14-0.31-0.070.120.05-0.310.31
0.24-0.790.24-0.180.18-0.07-0.130.14-0.05-0.170.180.34-0.130.31-0.220.010.02-0.040.13-0.050.410.270.05-0.210.780.23-0.01-0.17-0.050.05
0.690.080.77-0.010.810.380.350.740.58-0.350.370.48-0.350.310.360.02-0.09-0.120.52-0.380.570.72-0.25-0.480.5-0.280.31-0.59-0.310.28
0.570.320.490.330.63-0.02-0.370.740.040.070.51-0.04-0.6-0.220.36-0.380.040.470.730.05-0.290.22-0.14-0.210.14-0.20.09-0.53-0.310.22
-0.610.2-0.3-0.81-0.16-0.44-0.03-0.420.27-0.7-0.84-0.490.710.010.02-0.38-0.81-0.88-0.640.080.560.26-0.72-0.59-0.18-0.12-0.05-0.13-0.060.06
0.41-0.230.030.81-0.10.450.190.1-0.350.730.780.63-0.450.02-0.090.04-0.810.750.30.07-0.39-0.490.930.740.050.310.030.410.03-0.06
0.51-0.250.140.660.080.33-0.20.28-0.390.840.830.43-0.64-0.04-0.120.47-0.880.750.530.32-0.68-0.390.620.650.140.19-0.170.17-0.050.05
0.93-0.040.850.520.810.460.020.920.180.140.750.39-0.70.130.520.73-0.640.30.53-0.38-0.20.50.09-0.070.55-0.280.49-0.44-0.240.18
-0.35-0.18-0.56-0.18-0.38-0.33-0.4-0.44-0.370.480.01-0.090.2-0.05-0.380.050.080.070.32-0.38-0.3-0.560.030.35-0.250.37-0.560.23-0.240.22
0.02-0.120.25-0.480.26-0.010.350.090.21-0.61-0.30.190.190.410.57-0.290.56-0.39-0.68-0.2-0.30.52-0.39-0.510.19-0.180.14-0.26-0.070.06
0.520.010.82-0.320.80.320.30.640.61-0.55-0.020.15-0.060.270.720.220.26-0.49-0.390.5-0.560.52-0.63-0.620.53-0.570.61-0.57-0.230.2
0.18-0.22-0.160.72-0.360.290.15-0.1-0.380.60.580.49-0.430.05-0.25-0.14-0.720.930.620.090.03-0.39-0.630.71-0.050.48-0.140.570.33-0.34
0.02-0.3-0.270.39-0.470.420.22-0.34-0.430.890.380.45-0.14-0.21-0.48-0.21-0.590.740.65-0.070.35-0.51-0.620.71-0.270.12-0.20.750.25-0.24
0.59-0.620.59-0.020.530.18-0.170.490.19-0.130.420.42-0.310.780.50.14-0.180.050.140.55-0.250.190.53-0.05-0.27-0.20.2-0.35-0.190.17
-0.27-0.05-0.480.28-0.41-0.31-0.15-0.29-0.290.140.08-0.07-0.070.23-0.28-0.2-0.120.310.19-0.280.37-0.18-0.570.480.12-0.2-0.340.180.08-0.06
0.450.150.590.270.580.410.430.50.35-0.190.150.130.12-0.010.310.09-0.050.03-0.170.49-0.560.140.61-0.14-0.20.2-0.34-0.28-0.370.27
-0.32-0.21-0.44-0.02-0.740.230.27-0.63-0.260.43-0.070.260.05-0.17-0.59-0.53-0.130.410.17-0.440.23-0.26-0.570.570.75-0.350.18-0.280.65-0.65
-0.21-0.04-0.14-0.17-0.530.040.16-0.31-0.06-0.09-0.240.02-0.31-0.05-0.31-0.31-0.060.03-0.05-0.24-0.24-0.07-0.230.330.25-0.190.08-0.370.65-0.95
0.170.010.090.130.490.01-0.140.250.030.130.21-0.030.310.050.280.220.06-0.060.050.180.220.060.2-0.34-0.240.17-0.060.27-0.65-0.95
Click cells to compare fundamentals

Allegheny Gross Profit Historical Pattern

Today, most investors in Allegheny Technologies Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allegheny Technologies' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Allegheny Technologies gross profit as a starting point in their analysis.
   Allegheny Technologies Gross Profit   
       Timeline  
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Competition

According to the company disclosure, Allegheny Technologies Incorporated reported 714.2 M of gross profit. This is 82.36% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The gross profit for all United States stocks is 97.39% higher than that of the company.

Allegheny Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allegheny Technologies' direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allegheny Technologies could also be used in its relative valuation, which is a method of valuing Allegheny Technologies by comparing valuation metrics of similar companies.
Allegheny Technologies is currently under evaluation in gross profit category among related companies.

Allegheny Fundamentals

About Allegheny Technologies Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Allegheny Technologies Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegheny Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegheny Technologies Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2024
Gross Profit802.6 M460.2 M
Gross Profit Margin 0.11  0.17 

Pair Trading with Allegheny Technologies

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegheny Technologies position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegheny Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allegheny Stock

  0.82ESAB ESAB Corp Financial Report 7th of May 2024 PairCorr
  0.61NWPX Northwest Pipe Financial Report 1st of May 2024 PairCorr

Moving against Allegheny Stock

  0.64SGBX SG Blocks Report 3rd of April 2024 PairCorr
  0.5RYI Ryerson Holding Corp Financial Report 6th of May 2024 PairCorr
The ability to find closely correlated positions to Allegheny Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegheny Technologies when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegheny Technologies - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegheny Technologies Incorporated to buy it.
The correlation of Allegheny Technologies is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegheny Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegheny Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegheny Technologies can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Allegheny Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Allegheny Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Allegheny Technologies Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Allegheny Technologies Incorporated Stock:
Check out Allegheny Technologies Piotroski F Score and Allegheny Technologies Altman Z Score analysis.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for Allegheny Stock analysis

When running Allegheny Technologies' price analysis, check to measure Allegheny Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegheny Technologies is operating at the current time. Most of Allegheny Technologies' value examination focuses on studying past and present price action to predict the probability of Allegheny Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegheny Technologies' price. Additionally, you may evaluate how the addition of Allegheny Technologies to your portfolios can decrease your overall portfolio volatility.
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Is Allegheny Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegheny Technologies. If investors know Allegheny will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegheny Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.32)
Earnings Share
2.81
Revenue Per Share
32.582
Quarterly Revenue Growth
0.053
Return On Assets
0.0537
The market value of Allegheny Technologies is measured differently than its book value, which is the value of Allegheny that is recorded on the company's balance sheet. Investors also form their own opinion of Allegheny Technologies' value that differs from its market value or its book value, called intrinsic value, which is Allegheny Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegheny Technologies' market value can be influenced by many factors that don't directly affect Allegheny Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegheny Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegheny Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegheny Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.