Atmos Energy (US:ATO) Zacks Investment Research·2024-02-02 15:21Core Viewpoint - Atmos Energy (ATO) is expected to report quarterly earnings of $2.09 per share, a 9.4% increase year-over-year, with revenues projected at $1.71 billion, reflecting a 15.5% year-over-year growth [1] Group 1: Earnings and Revenue Estimates - Analysts have revised the consensus EPS estimate upward by 2.7% over the last 30 days, indicating a collective reassessment of forecasts [1] - The 'Operating revenues- Pipeline and storage segment' is forecasted to reach $209.83 million, representing a 12.4% increase from the previous year [2] - The 'Operating revenues- Distribution segment' is estimated to be $1.50 billion, showing a 4.4% increase from the prior-year quarter [2] Group 2: Operating Income Estimates - The average prediction for 'Operating Income- Pipeline and Storage' is $104.02 million, up from $89.43 million reported in the same quarter last year [2] - Analysts estimate 'Operating Income- Distribution' to reach $265.39 million, compared to $231.76 million from the previous year [3] Group 3: Stock Performance and Market Outlook - Over the past month, Atmos shares have returned -1.5%, while the Zacks S&P 500 composite has increased by +2.9% [3] - Atmos Energy currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [3]