Here's Why Energizer Holdings (ENR) 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.
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
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.
Energizer Holdings (ENR)
Headquartered in St. Louis, MO, Energizer Holdings Inc. is one of the world’s leading manufacturers and distributors of batteries and lighting products. The company is a major designer and marketer of automotive fragrance, appearance and air conditioning recharge products.
ENR sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 2.3% and 0.8% year-over-year, respectively.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.04 to $3.15 per share. ENR also boasts an average earnings surprise of 7.7%.
Looking at cash flow, Energizer Holdings is expected to report cash flow growth of 136.6% this year; ENR has generated cash flow growth of 30.1% over the past three to five years.
ENR 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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Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report
