Yahoo Finance Why A.O. Smith (AOS) 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.
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
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.
A.O. Smith (AOS)
Headquartered in Milwaukee, WI, A. O. Smith Corporation is one of the leading manufacturers of commercial and residential water heating equipment, and water treatment products of the world. The company specializes in offering innovative, and energy-efficient solutions and products, which are developed and sold on a global platform.
AOS sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 7.4% and 4.3% year-over-year, respectively.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $4.09 per share. AOS also boasts an average earnings surprise of 6.7%.
A.O. Smith is also cash rich. The company has generated cash flow growth of 4.6%, and is expected to report cash flow expansion of 15.5% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AOS should be on investors' short lists.
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A. O. Smith Corporation (AOS) : Free Stock Analysis Report
