Why Euronet Worldwide (EEFT) is a Top Momentum Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Euronet Worldwide (EEFT)
Founded in 1994 and headquartered at Leawood, KS, Euronet Worldwide is a leading electronics payments provider. The company offers payment and transaction processing and distribution solutions to financial institutions, retailers, consumers and service providers.
EEFT sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 0.5% and up 14.5% over the past one-week and four-week period, respectively, and Euronet Worldwide has lost 6.3% in the last one-year period as well. Additionally, an average of 321,575.44 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For EEFT, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $7.35 per share for 2023. EEFT boasts an average earnings surprise of 4.7%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding EEFT to their portfolios.
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Euronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report
