Why EnerSys (ENS) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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
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.
EnerSys (ENS)
Headquartered in Pennsylvania, EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, the company develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, it provides support services for clients.
ENS 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 54.1% year-over-year for 2024, while Wall Street anticipates its top line to improve by 1.2%.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.47 to $8.23 per share. ENS boasts an average earnings surprise of 10.4%.
EnerSys is also cash rich. The company has generated cash flow growth of 4.1%, and is expected to report cash flow expansion of 8.7% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ENS should be on investors' short lists.
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Enersys (ENS) : Free Stock Analysis Report
