Atmos Energy (NYSE: ATO ) is expected to report Q3 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Atmos Energy's revenues will increase 2.6% and EPS will increase 15.6%.
The average estimate for revenue is $601.3 million. On the bottom line, the average EPS estimate is $0.37.
Last quarter, Atmos Energy reported revenue of $1.31 billion. GAAP reported sales were 6.8% higher than the prior-year quarter's $1.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $1.25. GAAP EPS of $1.27 for Q2 were 5.8% higher than the prior-year quarter's $1.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 24.6%, 120 basis points worse than the prior-year quarter. Operating margin was 16.1%, 40 basis points worse than the prior-year quarter. Net margin was 8.9%, much about the same as the prior-year quarter.
The full year's average estimate for revenue is $3.47 billion. The average EPS estimate is $2.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 109 members out of 125 rating the stock outperform, and 16 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Atmos Energy a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atmos Energy is hold, with an average price target of $39.13.
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