A number of stocks jumped in the afternoon session after investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution. According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible."
His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
Atkore Inc. (ATKR) expects strong Q2 results, with net sales of $695-$705M, adjusted EPS of $2.01-$2.08, and adjusted EBITDA of $115-$118M. Labor deal and FY25 outlook reiterated. Impairment charge affected quarterly net loss. Stock up 4.46% premarket.
Let’s dig into the relative performance of Acuity Brands (NYSE:AYI) and its peers as we unravel the now-completed Q4 electrical systems earnings season.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings.
However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.
Atkore has gotten torched over the last six months - since September 2024, its stock price has dropped 26% to $66 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Powell (NASDAQ:POWL) and the best and worst performers in the electrical systems industry.
Shares of electrical safety company Atkore (NYSE:ATKR) fell 19.3% in the afternoon session after the company reported weak fourth quarter results. Its full-year EBITDA guidance missed significantly, and its revenue fell short of Wall Street's estimates as both prices and volumes weakened. On the other hand, it was encouraging to see Atkore beat analysts' EPS expectations this quarter. Overall, this was a weaker quarter.
Electrical safety company Atkore (NYSE:ATKR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.1% year on year to $661.6 million. Its non-GAAP profit of $1.63 per share was 4.9% above analysts’ consensus estimates.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Atkore has gotten torched over the last six months - since June 2024, its stock price has dropped 36.1% to $83.21 per share. This might have investors contemplating their next move.
