Yahoo Finance Why World Wrestling Entertainment (WWE) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
World Wrestling Entertainment (WWE)
World Wrestling Entertainment Inc. or WWE is an integrated media and entertainment company with business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company is primarily engaged in the production and distribution of unique and creative content via myriad channels, including the premium over-the-top network (“WWE Network”) monetized through license arrangements or through direct-to-consumer subscriptions, content rights agreements, premium live event programming, and the sale of consumer products featuring brands. The company leverages the Internet and social media platforms such as YouTube and Facebook, to promote brands, market and distribute content and digital products.
WWE is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 21.2% year-over-year for the current fiscal year, with sales growth of 19.3%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.17 to $2.57 per share for 2022. WWE boasts an average earnings surprise of 25.2%.
On a historic basis, World Wrestling Entertainment has generated cash flow growth of 22%, and is expected to report cash flow expansion of 14.7% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WWE should be on investors' short lists.
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World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report
