Republic Services (RSG) is a Top-Ranked Growth Stock: Should You Buy?
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Republic Services (RSG)
Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2022, the company operated through 353 collection operations, 233 transfer stations, 206 active landfills, 71 recycling centers, three treatment, recovery and disposal facilities, 20 treatment, storage and disposal facilities, 7 deep injection wells and 6 salt water disposal wells, across the United States and Canada. The company is engaged in 73 landfill gas-to-energy and renewable energy projects and had post-closure responsibility for 128 closed landfills.
RSG sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 7% and 8.1% year-over-year, respectively.
Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.06 to $6 per share. RSG also boasts an average earnings surprise of 8.8%.
Republic Services is also cash rich. The company has generated cash flow growth of 9.7%, and is expected to report cash flow expansion of 12.3% in 2024.
Investors should take the time to consider RSG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report
