Yahoo Finance Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Chemed (CHE)
Cincinnati, OH-based Chemed Corporation purchases, operates and divests subsidiaries engaged in diverse business activities. The company’s operating businesses are managed on a decentralized basis. Since its inception, Chemed has engaged in twelve significant acquisitions or divestitures of diverse business units.
CHE boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 15.8% year-over-year for 2024, while Wall Street anticipates its top line to improve by 7%.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.58 to $23.51 per share. CHE also boasts an average earnings surprise of 1.1%.
On a historic basis, Chemed has generated cash flow growth of 9%, and is expected to report cash flow expansion of 3.4% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CHE should be on investors' short lists.
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Chemed Corporation (CHE) : Free Stock Analysis Report
