Here's Why LPL Financial Holdings Inc. (LPLA) 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.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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.
LPL Financial Holdings Inc. (LPLA)
LPL Financial Holdings Inc. is based in Boston, MA. It is a clearing broker-dealer and an investment advisory firm that acts as an agent for its advisors, on behalf of their clients, by providing access to a broad array of financial products and services.
LPLA 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 38% year-over-year for 2022, while Wall Street anticipates its top line to improve by 11.4%.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.12 to $9.69 per share. LPLA also boasts an average earnings surprise of 7.7%.
On a historic basis, LPL Financial Holdings Inc. has generated cash flow growth of 21.1%, and is expected to report cash flow expansion of 15.2% this year.
Investors should take the time to consider LPLA for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report
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