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Why Domino's Pizza (DPZ) is a Top Momentum Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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Domino's Pizza (DPZ)

Founded in 1960, Domino’s Pizza Inc., which delivers pizzas under the Domino’s Pizza brand, is a top player in the Quick-Service Restaurant or QSR Pizza category.

DPZ sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of B. The stock is down 0.9% and up 4.1% over the past one-week and four-week period, respectively, and Domino's Pizza has gained 69.1% in the last one-year period as well. Additionally, an average of 659,836.38 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For DPZ, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.24 to $16 per share for 2024. DPZ boasts an average earnings surprise of 9.3%.

Investors should take the time to consider DPZ for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Domino's Pizza Inc (DPZ) : Free Stock Analysis Report

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Zacks Investment Research