Why Federated Hermes (FHI) 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.
Federated Hermes (FHI)
Headquartered in Pittsburgh, PA, Federated Hermes, Inc. is a global asset manager, with $757.6 billion in AUM, as of Dec 31, 2023. It was formed from the merger between Federated Investors and Hermes Investment Management.
FHI sits at a Zacks Rank #1 (Strong Buy), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 7.1% and 2.5% year-over-year, respectively.
Five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $3.64 per share for 2024. FHI boasts an average earnings surprise of 6.5%.
On a historic basis, Federated Hermes has generated cash flow growth of 4.6%, and is expected to report cash flow expansion of 8.9% this year.
Investors should take the time to consider FHI for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Federated Hermes, Inc. (FHI) : Free Stock Analysis Report
