Why Invesco (IVZ) is a Top Growth Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Invesco (IVZ)
Headquartered in Atlanta, GA, Invesco Ltd., – formerly AMVESCAP PLC – operates as an independent investment manager and offers a wide range of investment products and services. The company was incepted in 1935. As of Mar 31, 2024, Invesco had offices in more than 20 countries and AUM worth $1.66 trillion.
IVZ is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 9.3% year-over-year for the current fiscal year, with sales growth of 1.8%.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $1.65 per share. IVZ boasts an average earnings surprise of 1.9%.
Looking at cash flow, Invesco is expected to report cash flow growth of 95.7% this year; IVZ has generated cash flow growth of 15.6% over the past three to five years.
IVZ should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Invesco Ltd. (IVZ) : Free Stock Analysis Report