Here's Why Lamb Weston (LW) 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.
Lamb Weston (LW)
Based in Eagle, ID, Lamb Weston Holdings, Inc. is a leading global manufacturer, marketer and distributor of value-added frozen potato products, particularly French fries, and also provides a range of appetizers.
LW is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 24.8% year-over-year for the current fiscal year, with sales growth of 28.3%.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.58 to $5.84 per share. LW also boasts an average earnings surprise of 46.2%.
Lamb Weston is also cash rich. The company has generated cash flow growth of 10.9%, and is expected to report cash flow expansion of 81.8% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, LW should be on investors' short lists.
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Lamb Weston (LW) : Free Stock Analysis Report
