Yahoo Finance Why Element Solutions (ESI) is a Top Growth Stock for the Long-Term
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Element Solutions (ESI)
Based in Florida, Element Solutions Inc, earlier known as Platform Specialty Products Corporation, is a leading specialty chemicals provider. The company offers innovative and differentiated solutions to its customers across a vast spectrum of industries including automotive, electronics, communications infrastructure, industrial surface finishing, consumer packaging as well as offshore energy. The company generated sales of $2,333.2 million in 2023.
ESI boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 8.5% year-over-year for 2024, while Wall Street anticipates its top line to improve by 3.5%.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0 to $1.40 per share. ESI also boasts an average earnings surprise of 3%.
Element Solutions is also cash rich. The company has generated cash flow growth of 22.9%, and is expected to report cash flow expansion of 10% in 2024.
ESI should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Element Solutions Inc. (ESI) : Free Stock Analysis Report
