Regardless of age or experience, all investors share the common goals of taking full advantage of the stock market and investing with confidence. Many investors have a preferred methodology to guide their buy and sell decisions. One way to find winning stocks based on your preferred investing style is to use the Zacks Style Scores, which rate stocks based on value, growth, and momentum.
For growth-oriented investors, who focus on a stock’s future prospects and overall financial health, the Growth Style Score is key. One growth stock to watch is Flowserve (FLS), a leading manufacturer and aftermarket service provider of flow control systems.
FLS is currently ranked #2 (Buy) by Zacks, with a Growth Style Score of A and a VGM Score of A. Earnings and sales are projected to increase by 26.7% and 5.8% year-over-year, respectively. Analysts have revised their earnings estimate upwards for fiscal 2024, with an average earnings surprise of 21.7%.
Cash flow is also strong for Flowserve, with expected growth of 53.6% this year and a 1.1% cash flow growth over the past three to five years. With impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores, FLS should be on investors’ short lists for potential investments.