Why This 1 Momentum 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.
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Restaurant Brands (QSR)
Based in Canada, Restaurant Brands International Inc. or RBI is one of the world's largest quick service restaurant companies.
QSR sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is up 0.8% and up 2.9% over the past one-week and four-week period, respectively, and Restaurant Brands has gained 20% in the last one-year period as well. Additionally, an average of 958,749.13 shares were traded over the last 20 trading sessions.
Momentum investors also pay close attention to a company's earnings. For QSR, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $3.13 per share for 2022. QSR boasts an average earnings surprise of 10.7%.
Investors should take the time to consider QSR for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Restaurant Brands International Inc. (QSR) : Free Stock Analysis Report
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