Here's Why Ensign Group (ENSG) is a Strong Growth Stock
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
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.
Ensign Group (ENSG)
Founded in 1999 and headquartered in San Juan Capistrano, CA, The Ensign Group Inc. provides health care services in the post-acute care continuum, urgent care center and mobile ancillary businesses in the United States.
ENSG 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 14.7% year-over-year for 2023, while Wall Street anticipates its top line to improve by 22.7%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.01 to $4.75 per share. ENSG boasts an average earnings surprise of 0.9%.
On a historic basis, Ensign Group has generated cash flow growth of 22.2%, and is expected to report cash flow expansion of 14% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ENSG should be on investors' short lists.
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The Ensign Group, Inc. (ENSG) : Free Stock Analysis Report
