Atmos Energy (ATO) to Report Q4 Earnings: What's in Store?
Atmos Energy ATO is scheduled to release fourth-quarter fiscal 2023 earnings on Nov 8, after market close. This firm’s earnings surprise was a negative 3.09% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
The continuous modernization of distribution systems, strong customer growth and rate approvals are expected to have benefited fiscal fourth-quarter performance. More than 90% of the capital investments begin to earn within six months, thereby boosting earnings in the fourth quarter.
However, an increase in operation & maintenance (O&M) expenses and higher interest expenses are likely to have adversely impacted its bottom-line performance.
Expectations
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 74 cents per share, indicating an increase of 45.1% from the year-ago reported number. The consensus mark for revenues is pegged at $923 million, suggesting a year-over-year surge of 27.7%.
The Zacks Consensus Estimate for distribution revenue is pegged at $719 million, indicating a rise of 34.1% from the year-ago quarter’s figure. The consensus estimate for pipeline and storage revenue stands at $204 million, up 9.1%.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Atmos Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below. You can see the complete list of today's Zacks #1 Rank stocks here.
Atmos Energy Corporation Price and EPS Surprise
Atmos Energy Corporation price-eps-surprise | Atmos Energy Corporation Quote
Earnings ESP: The company’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Atmos Energy carries a Zacks Rank #3.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
Spire Inc. SR is set to report fiscal fourth-quarter 2023 results on Nov 16, before the market opens. It has an Earnings ESP of +4.58% and a Zacks Rank of 3.
TransAlta Corp. TAC is scheduled to report third-quarter 2023 results on Nov 7, before the market opens. It has an Earnings ESP of +15.26% and a Zacks Rank of 3.
Ameren Corp. AEE is set to report third-quarter 2023 results on Nov 8 after the market closes. It has an Earnings ESP of +0.22% and a Zacks Rank of 3, at present.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Spire Inc. (SR) : Free Stock Analysis Report
