Why Republic Services (RSG) is a Top Growth 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.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Republic Services (RSG)
Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2022, the company operated through 353 collection operations, 233 transfer stations, 206 active landfills, 71 recycling centers, three treatment, recovery and disposal facilities, 20 treatment, storage and disposal facilities, 7 deep injection wells and 6 salt water disposal wells, across the United States and Canada. The company is engaged in 73 landfill gas-to-energy and renewable energy projects and had post-closure responsibility for 128 closed landfills.
RSG is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 8.5% year-over-year for the current fiscal year, with sales growth of 9.7%.
Nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $5.35 per share for 2023. RSG boasts an average earnings surprise of 9.3%.
Republic Services is also cash rich. The company has generated cash flow growth of 9.2%, and is expected to report cash flow expansion of 15.6% in 2023.
RSG should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report
