Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 7.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 4.2%.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.09 to $3.28 per share. DCI also boasts an average earnings surprise of 4.5%.
On a historic basis, Donaldson has generated cash flow growth of 6.5%, and is expected to report cash flow expansion of 8.9% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, DCI should be on investors' short lists.
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Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
