Atkore Expects Strong Solid Q2 Performance Despite Flags Impairment Charge, Reaffirms FY25 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Preliminary Financial Results: Atkore Inc. reported expected net sales of $695-$705 million and adjusted EPS of $2.01-$2.08 for Q2 FY25, exceeding market expectations, despite a significant impairment charge affecting quarterly losses.
Labor Agreement and Future Outlook: The company secured a new 5-year labor agreement with the United Steelworkers and reiterated its FY25 projections for net sales and adjusted EPS, emphasizing confidence in its business model and domestic manufacturing capabilities.
Analyst Views on FYT
Wall Street analysts forecast FYT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FYT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
