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Unlocking Q3 Potential of Atmos (ATO): Exploring Wall Street Estimates for Key Metrics
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In its upcoming report, Atmos Energy (ATO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.17 per share, reflecting an increase of 8.3% compared to the same period last year. Revenues are forecasted to be $940.91 million, representing a year-over-year increase of 34.1%.
The current level reflects a downward revision of 3.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Atmos metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Operating revenues- Pipeline and storage segment' at $275.53 million. The estimate indicates a year-over-year change of +9.9%.
Analysts forecast 'Operating revenues- Distribution segment' to reach $662.21 million. The estimate indicates a year-over-year change of +4.6%.
The collective assessment of analysts points to an estimated 'Operating Income- Pipeline and Storage' of $159.21 million. Compared to the present estimate, the company reported $137.15 million in the same quarter last year.
Analysts predict that the 'Operating Income- Distribution' will reach $102.08 million. Compared to the current estimate, the company reported $83.12 million in the same quarter of the previous year.
Shares of Atmos have experienced a change of +2.3% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ATO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q3 Potential of Atmos (ATO): Exploring Wall Street Estimates for Key Metrics
In its upcoming report, Atmos Energy (ATO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.17 per share, reflecting an increase of 8.3% compared to the same period last year. Revenues are forecasted to be $940.91 million, representing a year-over-year increase of 34.1%.
The current level reflects a downward revision of 3.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Atmos metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Operating revenues- Pipeline and storage segment' at $275.53 million. The estimate indicates a year-over-year change of +9.9%.
Analysts forecast 'Operating revenues- Distribution segment' to reach $662.21 million. The estimate indicates a year-over-year change of +4.6%.
The collective assessment of analysts points to an estimated 'Operating Income- Pipeline and Storage' of $159.21 million. Compared to the present estimate, the company reported $137.15 million in the same quarter last year.
Analysts predict that the 'Operating Income- Distribution' will reach $102.08 million. Compared to the current estimate, the company reported $83.12 million in the same quarter of the previous year.
View all Key Company Metrics for Atmos here>>>Shares of Atmos have experienced a change of +2.3% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ATO is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .