And as the market news service StreetAccount points out, the company notched far higher net new subscriber growth than expected: 373, 000, well above the Street at 203, 000.
Goldman Sachs's calculations suggest that, to reduce growth from 4% to 3%, (an optimistic estimate of America's new sustainable growth rate) the financial conditions index would need to increase by 1.25 percentage points.
The report also cited the strong quarterly dividend history at New Jersey Resources Corp, and favorable long-term multi-year growth rates in key fundamental data points.