Here's Why Woodward (WWD) 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
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.
Woodward (WWD)
Headquartered in Fort Collins, CO, Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The company provides a wide array of products for fuel, combustion, fluid, actuation and electronic applications, which serve the commercial aerospace, business jet, military and energy markets. Apart from serving original equipment manufacturers (OEMs), it also engages in aftermarket repairs, replacements and other service support operations.
WWD boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 16.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 9.5%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.33 to $4.92 per share. WWD boasts an average earnings surprise of 14.7%.
On a historic basis, Woodward has generated cash flow growth of 0.9%, and is expected to report cash flow expansion of 28.5% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WWD should be on investors' short lists.
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Woodward, Inc. (WWD) : Free Stock Analysis Report
