Here's Why KBR Inc. (KBR) is a Strong Momentum Stock

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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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

KBR Inc. (KBR)

KBR, Inc. is a global engineering, construction and services firm supporting the market segments of global energy and international government services. The company has customers in more than 80 countries and operations in more than 30 countries.

KBR sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is down 3.3% and up 4.1% over the past one-week and four-week period, respectively, and KBR Inc. has gained 10.5% in the last one-year period as well. Additionally, an average of 581,476.13 shares were traded over the last 20 trading sessions.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for KBR, while the Zacks Consensus Estimate has increased $0.04 to $3.25 per share. KBR also boasts an average earnings surprise of 4.8%.

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

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