Why Woodward (WWD) 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.
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.
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.
Woodward (WWD)
Headquartered in Fort Collins, CO, Woodward, Inc. is an independent designer, manufacturer and service provider of energy control and optimization solutions. The company provides a wide array of products for fuel, combustion, fluid, actuation and electronic applications, which serve the commercial aerospace, business jet, military and energy markets. Apart from serving original equipment manufacturers (OEMs), it also engages in aftermarket repairs, replacements and other service support operations.
WWD is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 16.9% year-over-year for the current fiscal year, with sales growth of 9.6%.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.32 to $4.92 per share. WWD also boasts an average earnings surprise of 14.7%.
On a historic basis, Woodward has generated cash flow growth of 0.9%, and is expected to report cash flow expansion of 28.5% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WWD should be on investors' short lists.
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Woodward, Inc. (WWD) : Free Stock Analysis Report
