Here's Why ITT (ITT) 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
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.
ITT (ITT)
Headquartered in the New York City, ITT Inc. is a global multi-industry leader in high-technology engineering and manufacturing projects. It engages in the design, manufacture and sale of a wide range of engineered products and services.
ITT boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 14.6% year-over-year for 2023, while Wall Street anticipates its top line to improve by 9%.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.22 to $5.09 per share. ITT boasts an average earnings surprise of 6.4%.
On a historic basis, ITT has generated cash flow growth of 7.4%, and is expected to report cash flow expansion of 3.3% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ITT should be on investors' short lists.
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ITT Inc. (ITT) : Free Stock Analysis Report
