Atkore Reports Q2 EPS Beat But Revenues Miss Estimates
<p><a href='https://financialmodelingprep.com/financial-summary/ATKR'>Atkore Inc (NYSE:ATKR)</a> reported its Q2 earnings results on Tuesday, with EPS of $4.87 coming in better than the Street estimate of $4.27. However, revenue of $895.9 million missed the Street estimate of $909.38 million.</p>
<p>Analysts at RBC Capital said they remain positive on the story and attribute the tepid stock reaction to (1) while completely as expected, the optics of year-over-year declines in pricing/revenues/earnings are not inspiring, (2) there is still no clarity on normalized earnings, (3) slowing in the second derivative of outsized beats/guidance boosts.</p>
<p>Analysts lowered their price target to $163 from $177 while maintaining their Outperform rating.</p>

NYSE:ATKR