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Atlas Corp. (NYSE:ATCO ) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Company Participants Ashton King - Manager, Investor Relations Bing Chen - President and CEO Graham Talbot - Chief Financial Officer Peter Curtis - Seaspan's Chief Commercial Officer Torsten Pedersen - Seaspan's Chief Operational Officer Conference Call Participants Liam Burke - B. Riley Adam Czakanski - Bank of America Ben Nolan - Stifel Operator Welcome to the Atlas Corp. Second Quarter 2022 Earnings Conference Call.
ATCO, AFG and PFLT made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 10, 2022.
Atlas (ATCO) delivered earnings and revenue surprises of -2.78% and 3%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Atlas (ATCO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Atlas (ATCO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Atlas' largest shareholders, Chairman, and ONE propose to take the company private at $14.45/share, representing a $3.8B fully diluted market cap and a $9.7B Enterprise Valuation. The Company has $18B of contracted cash flows and anticipates generating $450M in cash flow to the common equity in 2022.
Berkshire Hathaway's (BRK.B) Q2 results are likely to benefit from improved railroad and higher premium revenues at its insurance business and utilities and energy business.
The consensus price target hints at a 41.5% upside potential for Atlas (ATCO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
LONDON, UK , July 19, 2022 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO) plans to release its financial results for the quarter ended June 30, 2022, after the market closes on Tuesday, August 9, 2022. Atlas plans to host a conference call for all shareholders and interested parties at 8:30 a.m.