Investors of all experience levels strive to make the most of the stock market and invest with confidence. To achieve this, many investors follow a specific methodology to guide their buying and selling decisions. One helpful tool for finding winning stocks is the Zacks Style Scores, which rate stocks based on three popular investing types: value, growth, and momentum.
For growth-oriented investors, the focus is on a stock’s future potential and the overall financial strength of the company. The Growth Style Score examines factors like projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth prospects.
One growth stock to keep an eye on is RPM International (RPM). This company manufactures high-performance coatings, sealants, and specialty chemicals for maintenance and improvement applications. RPM is currently ranked as a Zacks Rank #3 (Hold) stock, with impressive Growth and VGM Style Scores. Earnings are projected to increase by 15.1% year-over-year for the current fiscal year, with sales growth of 1.2%.
Analysts have revised their earnings estimate higher for fiscal 2024, and the Zacks Consensus Estimate has also seen an increase to $4.95 per share. RPM has a track record of beating earnings expectations, with an average surprise of 4.5%. Additionally, the company has shown strong cash flow growth historically, and is expected to report a significant increase in cash flow this year.
With its solid growth fundamentals, favorable Zacks Rank, and strong Style Scores, RPM International is a stock worth considering for investors. For more investment recommendations, consider downloading the 7 Best Stocks for the Next 30 Days from Zacks Investment Research.