Atmos Energy Corporation (ATO - Free Report) is set to report fourth-quarter fiscal 2022 results on Nov 9, after market close. The natural gas distribution company reported an average surprise of 1.54% in the last four quarters.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Atmos Energy’s earnings in fourth-quarter fiscal 2022 are likely to have benefited from new rates worth $174.9 million completed through Aug 3, 2022. Atmos Energy’s fiscal fourth-quarter earnings are likely to have gained from rising consumption from the expanding customer base in the distribution segment.
The fourth-quarter earnings are likely to have been impacted by higher maintenance expenses and property tax expenses at Atmos Energy’s distribution segment.
Expectation
The Zacks Consensus Estimate for fourth-quarter fiscal 2022 earnings per share is pegged at 45 cents, which indicates an increase of 21.6% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predicts 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.
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: Atmos Energy currently carries a Zacks Rank #3.
Other Stocks to Consider
Investors can consider a few other players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
Primo Water Corporation (PRMW - Free Report) is likely to beat earnings estimates when it reports third-quarter 2022 earnings on Nov 10. PRMW currently has a Zacks Rank #3 and ESP of +1.10%.
The Zacks Consensus Estimate for 2022 earnings is currently pegged at 69 cents per share, which reflects year-over-year growth of nearly 23.2%.
Consolidated Water Co. Ltd. (CWCO - Free Report) is likely to beat earnings estimates when it reports third-quarter results on Nov 15. CWCO currently has a Zacks Rank #3 and ESP of +1.88%.
The Zacks Consensus Estimate for 2022 earnings is currently pegged at 72 cents per share, which reflects year-over-year growth of 213%.
Spire Inc. (SR - Free Report) is likely to beat earnings estimates when it reports fourth-quarter fiscal 2022 earnings on Nov 28. SR currently has a Zacks Rank #3 and ESP of +2.36%.
The Zacks Consensus Estimate for fiscal 2022 earnings is currently pegged at $3.90 per share, which reflects a year-over-year decline of nearly 19.8%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Atmos Energy Corporation (ATO - Free Report) is set to report fourth-quarter fiscal 2022 results on Nov 9, after market close. The natural gas distribution company reported an average surprise of 1.54% in the last four quarters.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
Atmos Energy’s earnings in fourth-quarter fiscal 2022 are likely to have benefited from new rates worth $174.9 million completed through Aug 3, 2022. Atmos Energy’s fiscal fourth-quarter earnings are likely to have gained from rising consumption from the expanding customer base in the distribution segment.
The fourth-quarter earnings are likely to have been impacted by higher maintenance expenses and property tax expenses at Atmos Energy’s distribution segment.
Expectation
The Zacks Consensus Estimate for fourth-quarter fiscal 2022 earnings per share is pegged at 45 cents, which indicates an increase of 21.6% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predicts 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.
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: Atmos Energy currently carries a Zacks Rank #3.
Other Stocks to Consider
Investors can consider a few other players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
Primo Water Corporation (PRMW - Free Report) is likely to beat earnings estimates when it reports third-quarter 2022 earnings on Nov 10. PRMW currently has a Zacks Rank #3 and ESP of +1.10%.
The Zacks Consensus Estimate for 2022 earnings is currently pegged at 69 cents per share, which reflects year-over-year growth of nearly 23.2%.
Consolidated Water Co. Ltd. (CWCO - Free Report) is likely to beat earnings estimates when it reports third-quarter results on Nov 15. CWCO currently has a Zacks Rank #3 and ESP of +1.88%.
The Zacks Consensus Estimate for 2022 earnings is currently pegged at 72 cents per share, which reflects year-over-year growth of 213%.
Spire Inc. (SR - Free Report) is likely to beat earnings estimates when it reports fourth-quarter fiscal 2022 earnings on Nov 28. SR currently has a Zacks Rank #3 and ESP of +2.36%.
The Zacks Consensus Estimate for fiscal 2022 earnings is currently pegged at $3.90 per share, which reflects a year-over-year decline of nearly 19.8%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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