Why Royal Philips (PHG) 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.
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
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Royal Philips (PHG)
Headquartered in Amsterdam, The Netherlands, Koninklijke Philips N.V. is the parent company of the Philips Group.
PHG is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 39.6% year-over-year for the current fiscal year, with sales growth of 6.5%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.12 to $1.41 per share for 2023. PHG boasts an average earnings surprise of 53.7%.
On a historic basis, Royal Philips has generated cash flow growth of 13.7%, and is expected to report cash flow expansion of 19.5% this year.
Investors should take the time to consider PHG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Koninklijke Philips N.V. (PHG) : Free Stock Analysis Report
