Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
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.
Parker-Hannifin (PH)
Based in Cleveland, OH, Parker-Hannifin Corporation is a global diversified manufacturer of motion and control technologies and systems. The company provides precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. On a geographical basis, the company has operations in North America (66.5% of 2023 net sales), Europe (19.9%), the Asia Pacific (12.5%) and Latin America (1.1%).
PH is a Zacks Rank #2 (Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 4.9% year-over-year for the current fiscal year, with sales growth of 3.4%.
Five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $26.68 per share for 2025. PH boasts an average earnings surprise of 11.2%.
On a historic basis, Parker-Hannifin has generated cash flow growth of 16.3%, and is expected to report cash flow expansion of 17.3% this year.
Investors should take the time to consider PH for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Parker-Hannifin Corporation (PH) : Free Stock Analysis Report