New Jersey Resources(NJR) ZACKS·2025-04-22 17:00Core Viewpoint - New Jersey Resources (NJR) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in a company's earnings outlook, which is crucial for predicting near-term stock price movements [2][4]. - The correlation between earnings estimate revisions and stock price movements is strong, with institutional investors using these estimates to determine fair value [4]. Company Performance Indicators - New Jersey Resources is projected to earn $3.14 per share for the fiscal year ending September 2025, reflecting a year-over-year increase of 7.2% [8]. - Over the past three months, the Zacks Consensus Estimate for New Jersey Resources has risen by 1.6% [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - The upgrade to Zacks Rank 2 places New Jersey Resources in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].