Why Lincoln Electric Holdings (LECO) 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.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
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.
Lincoln Electric Holdings (LECO)
Headquartered in Cleveland, OH, Lincoln Electric has 56 manufacturing locations, including operations and joint ventures in 19 countries, and a worldwide network of distributors and sales offices covering more than 160 countries. Lincoln is a full-line manufacturer and reseller of welding and cutting products with products ranging from welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumables and fluxes to regulators and torches used in cutting.
LECO 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 10.6% year-over-year for 2023, while Wall Street anticipates its top line to improve by 11.2%.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $9.15 per share for 2023. LECO boasts an average earnings surprise of 4.4%.
On a historic basis, Lincoln Electric Holdings has generated cash flow growth of 11.9%, and is expected to report cash flow expansion of 24% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, LECO should be on investors' short lists.
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Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report
