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Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

Steel Dynamics (STLD)

Based in Fort Wayne, IN, Steel Dynamics, Inc. is among the leading steel producers and metal recyclers in the United States. It currently has steelmaking and coating capacity of more than 11 million tons. It is one of the most diversified steel companies in United States with a vast range of specialty products. The company makes and markets steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joist and decking products in the United States and internationally.

STLD sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 36.1% and 18.5% year-over-year, respectively.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $1.52 to $21.89 per share. STLD also boasts an average earnings surprise of 6.2%.

Steel Dynamics is also cash rich. The company has generated cash flow growth of 36.7%, and is expected to report cash flow expansion of 295.3% in 2022.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, STLD should be on investors' short lists.

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Steel Dynamics, Inc. (STLD) : Free Stock Analysis Report

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Zacks Investment Research