Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
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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.
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.
Republic Services (RSG)
Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2023, the company operated through 364 collection operations, 246 transfer stations, 207 active landfills, 74 recycling centers, three treatment, recovery and disposal facilities, 22 treatment, storage and disposal facilities, 12 deep injection wells, 1 polymer center and 6 salt water disposal wells, across the United States and Canada. The company is engaged in 76 landfill gas-to-energy and renewable energy projects and had post-closure responsibility for 126 closed landfills.
RSG sits at a Zacks Rank #2 (Buy), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 10.2% and 7.6% year-over-year, respectively.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.04 to $6.18 per share. RSG boasts an average earnings surprise of 7.6%.
Looking at cash flow, Republic Services is expected to report cash flow growth of 12.3% this year; RSG has generated cash flow growth of 9.7% over the past three to five years.
Investors should take the time to consider RSG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report