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Here's What Key Metrics Tell Us About Atmos (ATO) Q2 Earnings
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For the quarter ended March 2024, Atmos Energy (ATO - Free Report) reported revenue of $1.65 billion, up 6.9% over the same period last year. EPS came in at $2.85, compared to $2.48 in the year-ago quarter.
The reported revenue represents a surprise of -7.49% over the Zacks Consensus Estimate of $1.78 billion. With the consensus EPS estimate being $2.62, the EPS surprise was +8.78%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atmos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Operating revenues- Pipeline and storage segment: $223.49 million versus $205.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
Operating revenues- Distribution segment: $1.59 billion compared to the $1.59 billion average estimate based on two analysts. The reported number represents a change of +5.9% year over year.
Operating Income- Pipeline and Storage: $124.80 million versus $104.29 million estimated by two analysts on average.
Operating Income- Distribution: $426.19 million compared to the $394.74 million average estimate based on two analysts.
Shares of Atmos have returned +3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Atmos (ATO) Q2 Earnings
For the quarter ended March 2024, Atmos Energy (ATO - Free Report) reported revenue of $1.65 billion, up 6.9% over the same period last year. EPS came in at $2.85, compared to $2.48 in the year-ago quarter.
The reported revenue represents a surprise of -7.49% over the Zacks Consensus Estimate of $1.78 billion. With the consensus EPS estimate being $2.62, the EPS surprise was +8.78%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Atmos performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating revenues- Pipeline and storage segment: $223.49 million versus $205.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +21.2% change.
- Operating revenues- Distribution segment: $1.59 billion compared to the $1.59 billion average estimate based on two analysts. The reported number represents a change of +5.9% year over year.
- Operating Income- Pipeline and Storage: $124.80 million versus $104.29 million estimated by two analysts on average.
- Operating Income- Distribution: $426.19 million compared to the $394.74 million average estimate based on two analysts.
View all Key Company Metrics for Atmos here>>>Shares of Atmos have returned +3.2% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.