Atkore Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Atkore Inc. ATKR is projected to release financial results for its fourth quarter fiscal year 2023, before the opening bell on Nov. 17, 2023.

Analysts expect the company to post quarterly earnings at $4.08 per share, down from year-ago earnings of $5.52 per share. The company’s revenue might come in at $920.43 million for the latest quarter, compared to $1.03 billion in the year-earlier quarter, according to data from Benzinga Pro.

Atkore, during August, reported mixed results for the third quarter and raised FY23 adjusted earnings outlook.

Atkore shares fell 0.7% to close at $135.23 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• B. Riley Securities analyst Alex Rygiel maintained a Buy rating and raised the price target from $161 to $186 on Aug. 10, 2023. This analyst has an accuracy rate of 84%.
• Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and increased the price target from $159 to $163 on Aug. 9, 2023. This analyst has an accuracy rate of 82%.
• RBC Capital analyst Deane Dray maintained an Outperform rating and boosted the price target from $178 to $186 on Aug. 9, 2023. This analyst has an accuracy rate of 70%.

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