Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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
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.
Lions Gate Entertainment (LGF.A)
Lionsgate has evolved as a leading global content provider based on its massive film and television library that has nearly 18,000 titles. The company produces and distributes motion pictures for theatrical as well as straight-to-video release, and television programming. It also has interest in video game business, particularly in esports.
LGF.A boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 1225% year-over-year for 2024, while Wall Street anticipates its top line to improve by 2.5%.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $0.53 per share. LGF.A boasts an average earnings surprise of 1070.8%.
On a historic basis, Lions Gate Entertainment has generated cash flow growth of 9.5%, and is expected to report cash flow expansion of 80.9% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, LGF.A should be on investors' short lists.
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Lions Gate Entertainment Corp. (LGF.A) : Free Stock Analysis Report
