Yahoo Finance Why Watts Water (WTS) 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.
Watts Water (WTS)
Headquartered in North Andover, MA, Watts Water Technologies, Inc. designs, manufactures and sells various water safety and flow control products to promote safety, energy efficiency, and water conservation for commercial and residential buildings. The company reports its business under three geographic segments: Americas (70.6% of total revenues in fourth-quarter 2023), Europe (23.4%) and APMEA consisting of Asia-Pacific, the Middle East and Africa (6%).
WTS sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 3.5% and 10.3% year-over-year, respectively.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.26 to $8.56 per share. WTS boasts an average earnings surprise of 13.5%.
On a historic basis, Watts Water has generated cash flow growth of 12.6%, and is expected to report cash flow expansion of 14.7% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WTS should be on investors' short lists.
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Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
