Atmos Energy (NYSE:ATO) reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:36 PM.
Here’s what investors need to know about the announcement.
Earnings
Atmos Energy beat estimated earnings by 0.81%, reporting an EPS of $2.48 versus an estimate of $2.46.
Revenue was down $109.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 0.38% drop in the share price the next day.
Here’s a look at Atmos Energy’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.92 | 0.43 | 0.84 | 2.35 |
| EPS Actual | 1.91 | 0.51 | 0.92 | 2.37 |
| Revenue Estimate | 1.14B | 559.54M | 681.07M | 1.39B |
| Revenue Actual | 1.48B | 722.63M | 816.43M | 1.65B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Atmos Energy management provided guidance for FY 2023, expecting earnings between $6.0 and $6.1 per share.
To track all earnings releases for Atmos Energy visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
