Shareholders Will Be Pleased With The Quality of ATI's (NYSE:ATI) Earnings
Shareholders Will Be Pleased With The Quality of ATI's (NYSE:ATI) Earnings
ATI Inc.'s (NYSE:ATI) strong earnings report was rewarded with a positive stock price move. Our analysis found some more factors that we think are good for shareholders.
See our latest analysis for ATI
NYSE:ATI Earnings and Revenue History August 11th 2022The Impact Of Unusual Items On Profit
To properly understand ATI's profit results, we need to consider the US$187m expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. In the twelve months to June 2022, ATI had a big unusual items expense. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
Our Take On ATI's Profit Performance
As we discussed above, we think the significant unusual expense will make ATI's statutory profit lower than it would otherwise have been. Based on this observation, we consider it possible that ATI's statutory profit actually understates its earnings potential! And one can definitely find a positive in the fact that it made a profit this year, despite losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. Every company has risks, and we've spotted 3 warning signs for ATI (of which 1 can't be ignored!) you should know about.
Today we've zoomed in on a single data point to better understand the nature of ATI's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
ATI Inc.的(紐約證券交易所代碼:ATI)強勁的收益報告帶來了積極的股價走勢。我們的分析發現了更多我們認為對股東有利的因素。
查看我們對ATI的最新分析
紐約證券交易所:ATI收益和收入歷史2022年8月11日異常項目對利潤的影響
為了正確理解ATI的利潤結果,我們需要考慮歸因於異常項目的1.87億美元支出。雖然最初由於不尋常的項目而扣除的金額令人失望,但也有一線希望。當我們分析全球絕大多數上市公司時,我們發現重大的不尋常項目往往不會重複。畢竟,這正是會計術語所暗示的。在截至2022年6月的12個月裏,ATI有一大筆不尋常的項目支出。因此,我們可以推測,這些不尋常的項目使其法定利潤明顯低於正常情況下的水平。
這可能會讓你想知道,分析師對未來盈利能力的預測是什麼。幸運的是,您可以單擊此處查看基於他們估計的未來盈利能力的互動圖表。
我們對ATI利潤表現的看法
正如我們上面討論的,我們認為這筆重大的不尋常費用將使ATI的法定利潤低於其他情況下的水平。基於這一觀察,我們認為ATI的法定利潤實際上可能低估了其盈利潛力!而且,儘管去年虧損,但它今年確實實現了盈利,這肯定是一個積極的事實。歸根結底,如果你想正確地瞭解這家公司,除了以上幾個因素之外,考慮其他因素也是至關重要的。因此,如果你想更深入地研究這隻股票,考慮它面臨的任何風險是至關重要的。每家公司都有風險,我們已經發現ATI的3個警告標誌(其中1個不容忽視!)你應該知道。
今天,我們放大了一個數據點,以更好地瞭解ATI的利潤性質。但還有很多其他方式可以讓你瞭解一家公司的看法。例如,許多人認為高股本回報率是有利的商業經濟指標,而另一些人則喜歡“跟着錢走”,尋找內部人士正在買入的股票。所以你可能想看看這個免費擁有高股本回報率的公司的集合,或內部人士正在購買的這份股票清單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
譯文內容由第三人軟體翻譯。
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