Xylem (XYL) is a Top-Ranked Growth Stock: Should You Buy?
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
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.
Xylem (XYL)
Headquartered in Rye Brook, NY, Xylem Inc. is one of the leading providers of water solutions worldwide. The company is involved in the full water-process cycle, including collection, distribution and returning of water to the environment. It has significant presence in the United States, the Asia Pacific, Europe and various other nations.
XYL is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 9.3% year-over-year for the current fiscal year, with sales growth of 15.4%.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.06 to $4.13 per share. XYL boasts an average earnings surprise of 11.5%.
On a historic basis, Xylem has generated cash flow growth of 10%, and is expected to report cash flow expansion of 67.7% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, XYL should be on investors' short lists.
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Xylem Inc. (XYL) : Free Stock Analysis Report
