It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
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.
Royal Philips (PHG)
Headquartered in Amsterdam, The Netherlands, Koninklijke Philips N.V. is the parent company of the Philips Group.
PHG boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Its bottom-line is projected to rise 9.9% year-over-year for 2023, while Wall Street anticipates its top line to improve by 5.6%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $1.11 per share. PHG boasts an average earnings surprise of 30.6%.
Looking at cash flow, Royal Philips is expected to report cash flow growth of 19.5% this year; PHG has generated cash flow growth of 13.7% over the past three to five years.
Investors should take the time to consider PHG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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