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- Earnings Per Share (EPS): Atmos Energy‘s Q3 EPS was $1.08, higher than last year’s $0.94 and above the estimated $1.05.
- Operating Income: The operating income for the quarter was $220.3 million, up by 30% year-over-year, though below the estimated $257 million.
- Yearly Forecast: Atmos Energy maintains its fiscal 2024 EPS forecast at $6.70 to $6.80, with an estimate of $6.76.
- Management Comments: The company believes that fiscal 2024 earnings will likely be at the upper end of the guidance range.
- Capital Expenditure: Fiscal 2024 capital expenditure is projected to be approximately $3.1 billion.
- Analyst Ratings: The stock has 4 buy ratings, 5 hold ratings, and 1 sell rating.
Atmos Energy on Smartkarma
Analysts at Baptista Research on Smartkarma have been closely covering Atmos Energy Corporation, a company showing robust fiscal performance and advancements in the second quarter of 2024. The company reported a year-to-date net income of $743 million, translating to earnings per share of $4.93. With an updated guidance range of $6.70 to $6.80 for the fiscal year, Atmos Energy is focusing on modernizing and expanding its services, reflecting positive efforts for growth.
In their research reports, Baptista Research analysts highlight Atmos Energy‘s sustained growth through strategic investments and regulatory support as key drivers. The company’s fiscal 2024 second quarter results, shared in their latest earnings call, show sound financial performance. The commitment and hard work of Atmos Energy‘s employees in enhancing their natural gas distribution, transmission, and storage systems have been instrumental in providing reliable service to their 3.4 million customers, showcasing a positive outlook for the company.
A look at Atmos Energy Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 3 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores, Atmos Energy shows a promising long-term outlook. With strong scores in Growth and Momentum, the company seems to be on a path towards expansion and continued success. The company’s operations include distributing natural gas to utility customers in multiple states, along with providing natural gas marketing services and managing gas storage and pipeline assets. These aspects contribute to Atmos Energy‘s positive momentum in the market.
Furthermore, the company’s solid scores in Value, Dividend, and Resilience indicate a well-rounded performance across different key factors. This suggests that Atmos Energy is not only focused on growth but also maintains stability and investor-friendly practices. Overall, based on the Smartkarma Smart Scores, Atmos Energy appears to be a company with a bright future ahead in the natural gas distribution sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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