Core Insights - Atmos Energy (ATO) is expected to report quarterly earnings of $1.17 per share, an increase of 8.3% year-over-year, with revenues projected at $940.91 million, reflecting a 34.1% increase compared to the same period last year [1] - There has been a downward revision of 3.4% in the consensus EPS estimate over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3] Revenue and Income Estimates - Analysts predict 'Operating revenues- Pipeline and storage segment' to be $275.53 million, showing a year-over-year increase of 9.9% [5] - The 'Operating revenues- Distribution segment' is forecasted to reach $662.21 million, indicating a year-over-year change of 4.6% [5] - Estimated 'Operating Income- Pipeline and Storage' is projected at $159.21 million, up from $137.15 million reported in the same quarter last year [6] - 'Operating Income- Distribution' is expected to be $102.08 million, compared to $83.12 million reported in the same quarter of the previous year [6] Market Performance - Atmos shares have increased by 2.3% over the past month, outperforming the Zacks S&P 500 composite, which moved up by 0.6% [6] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [6]
Unlocking Q3 Potential of Atmos (ATO): Exploring Wall Street Estimates for Key Metrics