Published on 24 May 2024 on Zacks via Yahoo Finance
Atmos Energy Corporation’s ATO strategic investment plans should further increase the safety and reliability of natural gas pipelines, distribution and transportation systems and drive its performance. Given its growth opportunities, ATO is a solid investment option in the utility sector.Let’s focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for fiscal 2024 earnings per share (EPS) has increased 1.1% to $6.65 in the past 90 days.The Zacks Consensus Estimate for fiscal 2024 sales is pinned at $4.68 billion, implying a year-over-year increase of 9.5%.The company’s long-term (three to five-year) earnings growth rate is 7%. It delivered an average earnings surprise of 3.3% in the last four quarters.