Atmos Power Company ATO is about to report second-quarter fiscal 2021 outcomes on Might 5, after the market closes. This pure fuel distribution firm delivered an earnings shock of 8.2% within the final reported quarter.
Let’s talk about the elements which can be more likely to get mirrored within the upcoming quarterly outcomes.
Components at Play
Atmos Power’s earnings are anticipated to have benefited from charges value $160 million carried out in fiscal 2020 and new charges value $109.Eight million carried out until Mar 1, 2021. Chilly climate in its service territories and substantial quantity of residential clients are more likely to have elevated the utilization of fuel by clients and boosted earnings within the to-be-reported quarter.
Atmos Power’s fiscal second-quarter earnings are more likely to have benefited from low financing prices, primarily as a result of environment friendly administration of long-term debt. The corporate’s earnings are additionally more likely to have benefited from the increasing buyer base and revival of demand as a result of gradual reopening of financial actions.
Expectation
The Zacks Consensus Estimate for second-quarter fiscal 2021 earnings per share is at the moment pegged at $2.05, which signifies progress of 5.1% from the year-ago reported determine.
What Our Quantitative Mannequin Predicts
Our confirmed mannequin doesn’t predict an earnings beat for Atmos Power this time round. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat. That isn’t the case right here as you will note under. You’ll be able to see the whole listing of at this time’s Zacks #1 Rank shares right here.
Atmos Power Company Worth and EPS Shock
Atmos Power Company price-eps-surprise | Atmos Power Company Quote
Earnings ESP: The corporate’s Earnings ESP is 0.00%.
You’ll be able to uncover one of the best shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Zacks Rank: Atmos Power at the moment carries a Zacks Rank #3.
Shares to Think about
Traders can think about a couple of gamers from the identical sector which have the appropriate mixture of parts to put up earnings beat within the to-be-reported quarter.
UGI Company UGI is scheduled to launch fiscal second-quarter 2021 outcomes on Might 5. It has an Earnings ESP of +1.74% and a Zacks Rank #3.
CenterPoint Power CNP is scheduled to launch first-quarter 2021 outcomes on Might 6. It has an Earnings ESP of +4.52% and a Zacks Rank #3.
Spire Inc. SR is scheduled to launch fiscal second-quarter 2021 outcomes on Might 7. It has an Earnings ESP of +1.16% and a Zacks Rank #3.
5 Shares Set to Double
Every was hand-picked by a Zacks knowledgeable because the #1 favourite inventory to realize +100% or extra in 2020. Every comes from a distinct sector and has distinctive qualities and catalysts that might gas distinctive progress.
A lot of the shares on this report are flying below Wall Avenue radar, which offers an incredible alternative to get in on the bottom ground.
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CenterPoint Power, Inc. (CNP): Free Inventory Evaluation Report
UGI Company (UGI): Free Inventory Evaluation Report
Atmos Power Company (ATO): Free Inventory Evaluation Report
Spire Inc. (SR): Free Inventory Evaluation Report
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Zacks Funding Analysis
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.