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Here's Why CBOE Global (CBOE) is a Strong Growth Stock

Zacks Equity Research
·2-min read

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.

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.

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CBOE Global (CBOE)

Based in Chicago, IL, and founded in 1973, Cboe Global Markets, Inc. (effective Oct 17, 2017, CBOE Holdings, Inc. came to be known as Cboe Global Markets, Inc.)  is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading.

CBOE is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 1.4% year-over-year for the current fiscal year, with sales growth of 5.9%.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.06 to $7.03 per share. CBOE also boasts an average earnings surprise of 2.6%.

Looking at cash flow, CBOE Global is expected to report cash flow growth of 67.1% this year; CBOE has generated cash flow growth of 19.4% over the past three to five years.

Investors should take the time to consider CBOE for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

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Cboe Global Markets, Inc. (CBOE) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research