Here's Why MRC Global (MRC) 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
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.
MRC Global (MRC)
Houston, TX-based MRC Global Inc. is one of the leading distributors of pipes, valves and fittings (PVF), and related products and services. The company’s products are used across upstream, midstream and downstream sectors of the oil and gas industry.
MRC is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 28.6% year-over-year for the current fiscal year, with sales growth of 11.1%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0 to $1.53 per share. MRC also boasts an average earnings surprise of 13.3%.
MRC Global is also cash rich. The company has generated cash flow growth of 11.2%, and is expected to report cash flow expansion of 146.3% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MRC should be on investors' short lists.
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MRC Global Inc. (MRC) : Free Stock Analysis Report
