Commercial Metals (CMC) is a Top-Ranked Growth Stock: Should You Buy?
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Commercial Metals (CMC)
Irving, TX- based Commercial Metals Company manufactures, recycles and markets steel and metal products, related materials and services. It provides these through a network of facilities that includes eight electric arc furnace ("EAF") mini mills, two EAF micro mills, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.
CMC boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 187.3% year-over-year for 2022, while Wall Street anticipates its top line to improve by 32.7%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $3.85 to $10.14 per share. CMC boasts an average earnings surprise of 15.1%.
Commercial Metals is also cash rich. The company has generated cash flow growth of 21.1%, and is expected to report cash flow expansion of 30.7% in 2022.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CMC should be on investors' short lists.
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