Yahoo Finance Why Boston Scientific (BSX) is a Top Growth Stock for the Long-Term
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.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
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.
Boston Scientific (BSX)
Headquartered in Natick, MA and founded in 1979, Boston Scientific Corporation manufactures medical devices and products used in various interventional medical specialties worldwide. The company has adopted the organic as well as inorganic routes for success.
BSX is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 10.7% year-over-year for the current fiscal year, with sales growth of 9.2%.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $2.27 per share. BSX boasts an average earnings surprise of 7.5%.
On a historic basis, Boston Scientific has generated cash flow growth of 7.3%, and is expected to report cash flow expansion of 14.1% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, BSX should be on investors' short lists.
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Boston Scientific Corporation (BSX) : Free Stock Analysis Report
