Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
American Equity Investment (AEL)
Incorporated in the state of Iowa on Dec 15, 1995, American Equity Investment Life Insurance Company is a leader in the development and sale of fixed index and fixed rate annuity products. The company issue fixed annuity products through its wholly-owned life insurance subsidiaries, American Equity Investment Life Insurance Company, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company.
AEL sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 49.6% and 1.3% year-over-year, respectively.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.53 to $5.49 per share. AEL boasts an average earnings surprise of 13%.
American Equity Investment is also cash rich. The company has generated cash flow growth of 14%, and is expected to report cash flow expansion of 65.5% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AEL should be on investors' short lists.
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American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report
