Atmos Energy Earnings: Strong Capital Investment Opportunities Support Above-Average Growth
We are reaffirming our $109 fair value estimate for Atmos Energy after the company reported fiscal 2023 earnings per share of $6.10, compared with $5.60 in the year-ago period. The shares are down 11% since hitting their high in July and now trade in line with our fair value estimate as of Nov. 8. Our narrow moat rating is unchanged.