Atmos Energy (NYSE:ATO) reported its Q1 earnings results on Tuesday, February 8, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Atmos Energy beat estimated earnings by 0.54%, reporting an EPS of $1.86 versus an estimate of $1.85.
Revenue was up $98.52 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03, which was followed by a 0.74% increase in the share price the next day.
Here's a look at Atmos Energy's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.34 | 0.75 | 2.05 | 1.58 |
| EPS Actual | 0.37 | 0.78 | 2.30 | 1.71 |
| Revenue Estimate | 549.64M | 585.51M | 1.08B | 985.11M |
| Revenue Actual | 568.38M | 605.55M | 1.32B | 914.48M |
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 their next quarter, expecting earnings between $5.4 and $5.6 per share for the next quarter.
This represents a 195.7% in quarter-over-quarter growth for Atmos Energy, a bullish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
