Atmos Energy Corporation (ATO - Free Report) posted fourth-quarter fiscal 2019 earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%.
The reported earnings also improved 19.5% from the prior-year figure. The year-over-year improvement in earnings was due to positive rate outcomes, and higher margins in its pipeline and storage segment.
Total Revenues
Total revenues of $443.7 million lagged the Zacks Consensus Estimate of $578 million by 23.2%. Moreover, the figure was marginally lower than the year-ago total revenues of $444.7 million by 0.2%. The year-over-year decline in revenues was due to lower contribution from the distribution segment.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Atmos Energy Corporation (ATO - Free Report) posted fourth-quarter fiscal 2019 earnings of 49 cents per share, which surpassed the Zacks Consensus Estimate of 48 cents by 2.1%.
The reported earnings also improved 19.5% from the prior-year figure. The year-over-year improvement in earnings was due to positive rate outcomes, and higher margins in its pipeline and storage segment.
Total Revenues
Total revenues of $443.7 million lagged the Zacks Consensus Estimate of $578 million by 23.2%. Moreover, the figure was marginally lower than the year-ago total revenues of $444.7 million by 0.2%. The year-over-year decline in revenues was due to lower contribution from the distribution segment.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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