You a Growth Investor? The Perfect Stock Could Be This One

Making the most of one's investment time in the stock market and doing it with self-assurance are common objectives for both novice and seasoned investors

Even if you already have a preferred investment strategy, the Zacks Style Scores can help you identify promising companies. These two metrics work hand in hand to rank companies according to their growth, momentum, and value.

A growth-oriented investor, in contrast to a value or momentum investor, looks at the big picture, including the company's finances and how the stock could perform in the future. So, they should zero in on the Growth Style Score, which uses metrics like sales, cash flow, and earnings (both current and prospective) to identify firms with long-term growth potential.

The company Eaton (ETN) Located in Dublin, Ireland As an industry-leading provider of electrical components and systems, Eaton Corporation plc diversifies its power management offerings. It employs over 85,000 people and sells its wares in over 175 countries. In 1911, the firm came into being.

A stock having a Growth Style Score of B and a VGM Score of B, ETN is a Buy recommendation by Zacks Rank #2. We anticipate a 12.3% year-over-year increase in earnings and a 7.5% increase in revenue for the current fiscal year.

For fiscal year 2024, six analysts have raised their profit estimate revisions throughout the past 60 days. An increase of $0.26 brings the Zacks Consensus Estimate for the stock price to $10.24. A 4.8% average profit surprise is boasted by ETN.

It is anticipated that Eaton would record a cash flow expansion of 15% this year, building on a 5.9% growth rate historically.

Because of its high Growth and VGM Style Scores, strong Zacks Rank, and noteworthy growth indicators, ETN is a company that investors should think about adding to their portfolios.

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