Investors have a lot to look forward to as they consider potential stocks for their portfolios on January 30th. At the top of the list are three companies that boast strong growth characteristics and hold Zacks Rank #1. Let’s take a closer look at what makes these stocks stand out:
EnerSys (ENS)
EnerSys, a provider of stored energy solutions, has seen its Zacks Consensus Estimate for current year earnings surge by 12.3% over the last 60 days. This impressive growth has earned EnerSys a Zacks Rank #1. Furthermore, the company boasts a favorable PEG ratio of 0.81, which is lower than the industry average of 1.61, and a Growth Score of B.
Enersys Price and Consensus
EnerSys has a PEG ratio of 0.81 compared with 1.61 for the industry. The company possesses a Growth Score of B.
Enersys PEG Ratio (TTM)
AZZ Inc. (AZZ): AZZ Inc., a provider of galvanizing and coil coating solutions, has also secured a Zacks Rank #1. The company has experienced a 4.9% increase in the Zacks Consensus Estimate for current year earnings over the past 60 days. With a PEG ratio of 1.04 (compared to the industry average of 1.61) and a Growth Score of A, AZZ Inc. is undoubtedly a stock to watch.
AZZ Inc. Price and Consensus
AZZ Inc. PEG Ratio (TTM)
Textron Inc. (TXT): Textron Inc., with operations in the aircraft, defense, industrial, and finance sectors, has also been awarded a Zacks Rank #1. The company has witnessed a 2.9% increase in the Zacks Consensus Estimate for current year earnings in the last 60 days. With a PEG ratio of 1.22 (compared to 1.37 for the industry) and a Growth Score of B, Textron Inc. displays promising growth potential.
Textron Inc. Price and Consensus
Textron Inc. PEG Ratio (TTM)
These three companies are prime examples of stocks with strong growth potential. Investors can also explore additional top-ranked stocks and gain further insights into the Growth score to make informed investment decisions. With the right knowledge and a bit of luck, investors could strike gold in the stock market.
Stock Market Opportunities
As investors comb through potential investment opportunities, it’s crucial to remain diligent and seek stocks that display promising growth characteristics. Understanding how growth scores are calculated and the significance of PEG ratios can help investors make savvy decisions when it comes to stock market investments.
Opportunities That Await
Five stocks that have been carefully selected by Zacks experts as prime candidates for doubling in value by 2023. Previous recommendations have seen astronomical growth, with some soaring by over 600%. Most of these stocks are not on the radar of Wall Street, presenting a fantastic opportunity for early investment.
For the latest recommendations from Zacks Investment Research and to access a free report on the best stocks for the next 30 days, investors can check out the links provided.