Here's Why AAR (AIR) is a Strong Growth Stock
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
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
AAR (AIR)
Wood Dale, IL-based AAR Corp., incorporated in the year 1951, provides various products and services to the aviation and defense industries worldwide. Its principal customers include The Boeing Company and Airbus. As of May 31, 2023, the company reported through two business segments – Aviation Services and Expeditionary Services. From the first quarter of fiscal 2024, the Aviation Services segment will report through three new operating segments — Parts Supply, Repair & Engineering and Integrated Solutions.
AIR is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 21% year-over-year for the current fiscal year, with sales growth of 10.9%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.06 to $3.46 per share. AIR also boasts an average earnings surprise of 5.8%.
Looking at cash flow, AAR is expected to report cash flow growth of 8.6% this year; AIR has generated cash flow growth of 4.7% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AIR should be on investors' short lists.
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AAR Corp. (AIR) : Free Stock Analysis Report
