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Atmos Energy (ATO) to Post Q4 Earnings: What's in the Offing?

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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.

Atmos Energy Corporation Price and EPS Surprise

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: 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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