Why Republic Services (RSG) is a Top Momentum 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.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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 sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 0.6% and up 9.4% over the past one-week and four-week period, respectively, and Republic Services has gained 18.6% in the last one-year period as well. Additionally, an average of 1,383,962.75 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For RSG, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $5.47 per share for 2023. RSG boasts an average earnings surprise of 8.9%.
RSG should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report
