ATN International Inc. [ATNI] Earnings Report Preview March 2021

Earnings from ATN International Inc. [ATNI] are scheduled on April 27, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.

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ATNI Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.01 per share on revenue of $122.45M. Taking a look at the future, the company is projected to report revenue of $127.86M at an earnings per share of -$0.01 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 31.80% in revenue and -230.00% in earnings per share for the company.

ATNI Stock Earnings Forecast For The Current Year

For the full financial year, ATN International Inc. [NASDAQ:ATNI] is forecasted to generate revenue of $544.87M. The figure is about $89.43 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.06 in 2021, which is $0.83 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 93.30% this year, -1,550.00% next year, and 20.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 19.60% in current fiscal year and 31.80% over following year.

ATNI Stock Price Performance

At a recent check today, ATN International Inc. [NASDAQ:ATNI] finished down -1.79% at $46.71. The stock’s day high price was $49.89, and its lowest was $47.41. Its price fall -5.07% in the last five days. Since the beginning of the year, ATN International Inc.’s shares are up nearly 13.89%. However, the share price is -41.35% below its one year high. The top price reached by the shares of the company was $52.65 on 03/12/21, while the 52-week low came on 01/04/21, when the shares were $41.93. In the past year, shares of the company have fallen -31.43%. At 50 days, the moving average achieved is $48.61 while at 200 days, the moving average is $50.23. There were 8424.0 shares traded in the last session, down from 38400.0 in the previous session.

ATN International Inc. [NASDAQ:ATNI] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.64 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.76 for the industry, which means ATNI offers an attractive investment opportunity than its competitors do.

ATNI Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 46.46 level, and the violation of this level will cause a further drop to 46.68 level. At the upper end, 51.64 remains a key resistance. As the stock increases, it may find resistance at 50.77. In the 14-day chart, the Relative Strength Index standing at 40.53 suggests a technical neutral stance while the MACD standing at -1.12 indicates price will decrease in the next trading period. Stochastic %K at 41.15% suggests holding the stock while Percent R indicator at 70.52% suggests bearish price movement.

How much is the short interest in ATN International Inc.?

There have been a drop in short interest in the ATN International Inc. Financial stock, with short interest up by 34830.0 shares to 0.24 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.28 million shares. This -14.3% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 3.01% of the overall float in the stock, while the stock’s days to cover moved to 5.09.

How do analysts view ATN International Inc.?

In regard to the share price forecast for ATN International Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $64.00 in the next twelve months, representing almost an 27.02% growth from its recent price of $46.71. Among ATN International Inc. stock projections, $85.00 is the highest analyst target for the stock, while $53.00 is the lowest. Despite this, 3 analysts who share their consensus rating for ATNI in 2021 agree that the stock is an Overweight. The latest rating change took place on 3/01/21, when Raymond James Ratings launched coverage of the stock at “Outperform” and assigned a price target of $53.0.


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