How reliable are TXNM's EPS forecasts typically?

**TXNM Energy's EPS forecasts are generally reliable**, as evidenced by the company's consistent performance and strategic growth initiatives:

1. **Consistent Performance**: TXNM Energy has a track record of exceeding EPS expectations. For instance, the company reported an EPS of $2.67 for 2024, surpassing analyst estimates. This consistency suggests that the company's financial performance is in line with market expectations.
2. **Strategic Growth Initiatives**: The company's ongoing investments in grid infrastructure and reliability, as well as its $7.8 billion investment plan, indicate a clear path for future growth. These strategic moves are likely to support continued EPS growth, which could make the company's forecasts more reliable.
3. **Analyst Confidence**: The fact that analysts have adjusted their estimates to reflect TXNM Energy's strong expected compound annual growth rate in earnings per share suggests confidence in the company's future performance. This adjustment often occurs when analysts believe a company's fundamentals are strong and its growth prospects are solid.
4. **Dividend Announcement**: The recent announcement of a quarterly dividend of $0.4075 per share further supports the notion of reliable EPS forecasts. Dividend payments are often a reflection of a company's financial stability and its ability to generate earnings, which can be a sign of reliable EPS forecasts.

In conclusion, while no forecast is completely immune to uncertainty, the combination of TXNM Energy's consistent performance, strategic growth initiatives, analyst confidence, and dividend announcement suggests that its EPS forecasts are typically reliable.