Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

Suncor Energy (SU)

Founded in 1917, Alberta-based Suncor Energy, Inc. is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing. Suncor is one of the largest owners of oil sands in the world. The company has gained new oil sands properties to supplement its existing operations in northern Alberta, making it the dominant producer in the region where reserves are second only to Saudi Arabia.

SU is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 151.5% year-over-year for the current fiscal year, with sales growth of 19.8%.

Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.27 to $5.13 per share for 2022. SU boasts an average earnings surprise of 3.6%.

Suncor Energy is also cash rich. The company has generated cash flow growth of 11.1%, and is expected to report cash flow expansion of 41.7% in 2022.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, SU should be on investors' short lists.

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