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.
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.
Liberty Oilfield Services (LBRT)
Liberty Energy (previously Liberty Oilfield Services) is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production (E&P) companies in North America. Hydraulic fracturing is a method used to extract oil and natural gas by blasting underground rock formations with a mixture of water, sand and chemicals.
LBRT sits at a Zacks Rank #1 (Strong Buy), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 52.1% and 14.2% year-over-year, respectively.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.12 to $3.21 per share. LBRT also boasts an average earnings surprise of 9.9%.
Looking at cash flow, Liberty Oilfield Services is expected to report cash flow growth of 747.6% this year; LBRT has generated cash flow growth of 37.8% over the past three to five years.
LBRT should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Liberty Energy Inc. (LBRT) : Free Stock Analysis Report
