Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Genuine Parts (GPC)
Atlanta-based Genuine Parts distributes automotive and industrial replacement parts and materials. As of Dec 31, 2023, the company had a network of more than 10,700 locations, primarily in North America, Europe, and Australasia. Currently, Genuine Parts operates through two segments: Automotive Parts and Industrial.
GPC 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 5.5% year-over-year for 2024, while Wall Street anticipates its top line to improve by 3.3%.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $9.84 per share. GPC also boasts an average earnings surprise of 3.6%.
Looking at cash flow, Genuine Parts is expected to report cash flow growth of 8.6% this year; GPC has generated cash flow growth of 9.4% over the past three to five years.
Investors should take the time to consider GPC for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Genuine Parts Company (GPC) : Free Stock Analysis Report
