Here's Why Webster Financial (WBS) 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.
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
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Webster Financial (WBS)
Headquartered in Stanford, CT, Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. The company provides business and consumer banking, mortgage lending, financial planning, trust and investment services. It reports through the following three segments:
WBS sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 16.9% and 103.8% year-over-year, respectively.
Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.20 to $5.68 per share for 2022. WBS boasts an average earnings surprise of 8.6%.
Looking at cash flow, Webster Financial is expected to report cash flow growth of 63.2% this year; WBS has generated cash flow growth of 15.8% over the past three to five years.
WBS should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Webster Financial Corporation (WBS) : Free Stock Analysis Report
