Atmos Vitality Company ATO is scheduled to launch fourth-quarter fiscal 2024 outcomes on Nov. 6, after market shut. The corporate delivered an earnings shock of two.9% within the final reported quarter.
Keep up-to-date with all quarterly releases: See Zacks Earnings Calendar.
Let’s focus on the components which might be prone to be mirrored within the upcoming quarterly outcomes.
Key Elements That May Have Impacted ATO’s This fall Earnings
Atmos Vitality continues to learn from strategic investments and its give attention to modernizing the transmission and distribution programs. That is anticipated to have boosted its backside line within the to-be-reported quarter.
The corporate’s earnings are prone to have benefited from an increasing buyer base. Implementation of latest charges in its service areas throughout the earlier quarters is prone to have had a optimistic impression on ATO’s bottom-line efficiency.
Nevertheless, a rise in operation and upkeep bills and better depreciation & amortization might need negatively impacted its backside line.
This fall Expectations
The Zacks Consensus Estimate for earnings is pegged at 84 cents per share, indicating a year-over-year improve of 5%. The consensus estimate for revenues is pegged at $830.65 million, indicating a year-over-year improve of 41.4%.
The consensus mark for consolidated distribution throughput is pegged at 61.11 million cubic ft (MMcf), down 7.2% yr over yr. The Zacks Consensus Estimate for consolidated pipeline and storage is pinned at 220.89 MMcf, up 13% yr over yr.
What the Zacks Mannequin Unveils
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Atmos Vitality this time round. The mixture of a optimistic Earnings ESP and a Zacks Rank #1 (Robust Purchase), #2 (Purchase) or #3 (Maintain) will increase the chances of an earnings beat. That’s not the case right here, as you will note beneath.
Earnings ESP: The corporate’s Earnings ESP is 0.00%. You may uncover the perfect shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Atmos Vitality Company Worth and EPS Shock
Atmos Energy Corporation price-eps-surprise | Atmos Vitality Company Quote
Zacks Rank: At present, Atmos Vitality carries a Zacks Rank #2. You may see the complete list of today’s Zacks #1 Rank stocks here.
Upcoming Releases
Buyers might contemplate the next gamers from the identical sector as these have the proper mixture of parts to submit an earnings beat this reporting cycle.
American Electrical Energy AEP is prone to provide you with an earnings beat when it stories third-quarter outcomes on Nov. 6. It has an Earnings ESP of +0.94% and a Zacks Rank #3 at current.
AEP’s long-term (three to 5 years) earnings progress price is 6.24%. The Zacks Consensus Estimate for earnings is pinned at $1.78 per share, which suggests a year-over-year improve of 0.6%.
Avista AVA is prone to provide you with an earnings beat when it stories third-quarter outcomes on Nov. 6. It has an Earnings ESP of +33.33% and a Zacks Rank #3 at current.
AVA’s long-term earnings progress price is 4.82%. The Zacks Consensus Estimate for gross sales is pinned at $394.1 million, which suggests a year-over-year improve of three.8%.
Spire Inc. SR is prone to provide you with an earnings beat when it stories fiscal fourth-quarter outcomes on Nov. 6. It has an Earnings ESP of +3.85% and a Zacks Rank #3 at current.
SR’s long-term earnings progress price is 5%. The Zacks Consensus Estimate for gross sales is pinned at $321.97 million, which suggests a year-over-year improve of three.7%.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
