Why Donaldson (DCI) is a Top Growth Stock for the Long-Term
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.
Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of A. Earnings and sales are forecasted to increase 5.6% and 4.5% year-over-year, respectively.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $3.21 per share for 2024. DCI boasts an average earnings surprise of 3.9%.
Donaldson is also cash rich. The company has generated cash flow growth of 6.5%, and is expected to report cash flow expansion of 8.9% in 2024.
Investors should take the time to consider DCI for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
