Why Valmont Industries (VMI) 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.
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
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.
Valmont Industries (VMI)
Headquartered in Omaha, NE, Valmont Industries, Inc. is primarily engaged in the production of fabricated metal products, metal and concrete pole and tower structures and mechanized irrigation systems in the United States and abroad.
VMI is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 13.6% year-over-year for the current fiscal year, with sales growth of 4.3%.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.08 to $15.70 per share. VMI boasts an average earnings surprise of 5.4%.
On a historic basis, Valmont Industries has generated cash flow growth of 9.7%, and is expected to report cash flow expansion of 17.9% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, VMI should be on investors' short lists.
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Valmont Industries, Inc. (VMI) : Free Stock Analysis Report
