Here's Why Upbound Group (UPBD) is a Strong Momentum Stock
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Upbound Group (UPBD)
Upbound Group, Inc. (formerly Rent-A-Center, Inc.) incorporated in 1986 is a leading lease-to-own provider with operations in the United States, Puerto Rico and Mexico. The company provides services to large portion of consumers by providing them with access and the opportunity to obtain ownership of, high-quality, durable products under a flexible lease purchase agreement with no long-term debt obligation. The company currently has four operating segments. These segment include Acima segment, Rent-A-Center Business segment, Mexico segment and Rent-A-Center Franchising International, Inc.
UPBD is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of A and VGM Score of B. Shares are down 10.9% over the past one week and up 11% over the past four weeks. UPBD has lost 0.3% in the last one-year period as well. Looking at trading volume, an average of 618,672.38 shares exchanged hands over the last 20 trading days.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.06 to $3.81 per share. UPBD boasts an average earnings surprise of 3.8%.
UPBD should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Upbound Group, Inc. (UPBD) : Free Stock Analysis Report