Yahoo Finance How to Find Strong Buy Computer and Technology Stocks Using the Zacks Rank
Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.
Should You Buy #1 (Strong Buy)-Ranked Woodward (WWD) for Your Portfolio?
Woodward was upgraded to the Zacks Rank #1 list on May 8, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in Fort Collins, CO, Woodward, Inc is an independent designer, manufacturer and service provider of energy control and optimization solutions for the aerospace and industrial markets.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.49 to $5.76 per share. WWD also boasts an average earnings surprise of 26.1%.
Analysts are expecting earnings to grow 36.8% for the current fiscal year, with revenue forecasted to rise 12.9%.
Additionally, WWD has climbed higher over the past four weeks, gaining 20.2%. The S&P 500 is up 0.2% in comparison.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Woodward could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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