Atmos Energy (ATO) To Report Q1 Earnings: What's In Store?
Zacks Investment Research | Jan 30, 2020 08:20PM ET
Atmos Energy Corporation (NYSE:ATO) is set to report first-quarter fiscal 2020 results on Feb 4, after the market closes. This natural gas distribution company delivered a positive earnings surprise of 2.1% in the last reported quarter.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors at Play
New rates amounting to nearly $57 million implemented in Atmos Energy’s service territories are likely to have positively impacted fiscal first-quarter earnings. The company has been experiencing strong customer growth in the past 12 months in the Distribution segment. This is likely to positively impact the upcoming results.
The Zacks Consensus Estimate for earnings per share for first-quarter fiscal 2020 is currently pegged at $1.49, which reflects growth of 7.97% from the year-ago reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Atmos Energy this time around. A stock needs to have both a positive Earnings ESP Filter .
Zacks Rank: Atmos Energy currently carries a Zacks Rank #2.
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