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.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
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.
Beacon Roofing Supply (BECN)
Incorporated on Aug 22, 1997, Beacon Roofing Supply is the largest publicly-traded distributor of residential and non-residential roofing materials, along with complementary building products in the United States and Canada. The company is one of the oldest and most recognized distributors in the industry. Beacon purchases products from a large number of manufacturers and then distributes these goods to customers including contractors, home builders, retailers as well as building materials suppliers.
BECN is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 46.2% year-over-year for the current fiscal year, with sales growth of 27.8%.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.12 to $7.06 per share. BECN boasts an average earnings surprise of 24.6%.
Looking at cash flow, Beacon Roofing Supply is expected to report cash flow growth of 79.3% this year; BECN has generated cash flow growth of 13.9% over the past three to five years.
Investors should take the time to consider BECN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research