Here's Why Choice Hotels (CHH) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
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.
Choice Hotels (CHH)
Choice Hotels International is one of the largest hotel franchisors globally. As of Sep 30, 2023, the company had 7,463 hotels open, representing 627,694 rooms. This hotel chain is spread across 45 countries and territories internationally and is present in 50 states domestically and the District of Columbia.
CHH boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 14.2% year-over-year for 2023, while Wall Street anticipates its top line to improve by 10.9%.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.02 to $6.02 per share. CHH boasts an average earnings surprise of 5.2%.
Choice Hotels is also cash rich. The company has generated cash flow growth of 13.4%, and is expected to report cash flow expansion of 22.1% in 2023.
CHH 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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Choice Hotels International, Inc. (CHH) : Free Stock Analysis Report
