Atmos Energy (US:ATO) ZACKSยท2024-11-27 18:01Core Insights - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum, addressing the challenges of defining momentum in stocks [2] Company Overview: Atmos Energy (ATO) - Atmos Energy currently holds a Momentum Style Score of B, indicating potential for solid momentum [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - Over the past week, ATO shares increased by 3.56%, outperforming the Zacks Utility - Gas Distribution industry, which rose by 3.28% [7] - In the last month, ATO's price change was 7.03%, compared to the industry's 5.64% [7] - ATO shares have risen by 14.02% over the past quarter and 33.63% over the last year, significantly outperforming the S&P 500, which increased by 7.52% and 33.61% respectively [8] Trading Volume - ATO's average 20-day trading volume is 940,247 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, four earnings estimates for ATO have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $7.10 to $7.17 [11] - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment [11] Conclusion - Given the strong performance metrics and positive earnings outlook, ATO is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a compelling option for investors seeking momentum picks [12]