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.
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.
Model N (MODN)
San Mateo, CA-based Model N Inc. provides revenue management solutions for life sciences and technology companies including applications for configure, price, quote (CPQ), rebates management and regulatory compliance.
MODN is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 31.9% year-over-year for the current fiscal year, with sales growth of 11.8%.
Five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $0.95 per share for 2023. MODN boasts an average earnings surprise of 23.1%.
Looking at cash flow, Model N is expected to report cash flow growth of 38.8% this year; MODN has generated cash flow growth of 24.6% over the past three to five years.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, MODN should be on investors' short lists.
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Model N, Inc. (MODN) : Free Stock Analysis Report
