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ATS Corporation ( (TSE:ATS) ) has issued an update.
ATS Corporation reported a 6.1% increase in revenues for the first quarter of fiscal 2026, reaching $736.7 million. Despite the revenue growth, net income decreased to $24.3 million, and order bookings fell by 15.2% compared to the previous year. The company is undergoing a leadership transition with CEO Andrew Hider stepping down, and CFO Ryan McLeod taking over as Interim CEO. The leadership team, including newly appointed Interim CFO Anne Cybulski, aims to continue executing the company’s value creation strategy during this period.
The most recent analyst rating on (TSE:ATS) stock is a Buy with a C$60.00 price target. To see the full list of analyst forecasts on ATS Corporation stock, see the TSE:ATS Stock Forecast page.
Spark’s Take on TSE:ATS Stock
According to Spark, TipRanks’ AI Analyst, TSE:ATS is a Neutral.
ATS Corporation’s overall score reflects significant financial challenges and valuation concerns, partially offset by strong order bookings and growth potential in certain sectors. The earnings call provided a mixed outlook, with positive strategic moves but also highlighted risks in revenue and geopolitical issues.
To see Spark’s full report on TSE:ATS stock, click here.
More about ATS Corporation
ATS Corporation is a leader in the automation industry, with a strong presence in diversified end markets. The company focuses on leveraging its ATS Business Model within its decentralized business structure to drive growth and value creation.
Average Trading Volume: 221,759
Technical Sentiment Signal: Buy
Current Market Cap: C$4.07B
For an in-depth examination of ATS stock, go to TipRanks’ Overview page.