Investors, both new and experienced, often aim to make the most of the stock market with confidence. Utilizing Zacks Style Scores can help in finding great stocks easier. These scores rate stocks based on value, growth, and momentum characteristics.
For growth-oriented investors, focusing on the Growth Style Score is essential. This score assesses factors like projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential.
One such stock to watch is Watts Water Technologies, Inc. (WTS), headquartered in North Andover, MA. The company designs, manufactures, and sells water safety and flow control products for commercial and residential buildings. WTS holds a Zacks Rank #3 (Hold), with a Growth Style Score of B and a VGM Score of B. Earnings and sales are projected to increase 4.5% and 9.9% year-over-year.
Analysts have raised their earnings estimates for fiscal 2024, with the Zacks Consensus Estimate now at $8.64 per share, up $0.10. WTS has shown an average earnings surprise of 11.7%. Additionally, the company has seen cash flow growth of 12.6% and is expected to report a further 14.7% expansion in 2024.
With its solid Zacks Rank rating, impressive growth metrics, and strong Style Scores, investors should consider adding WTS to their portfolios.