For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
Consolidated Edison (ED)
New York-based Consolidated Edison, Inc., also known as ConEd, is a diversified utility holding company, with subsidiaries engaged in both regulated and unregulated businesses. The company was incorporated in 1823.
ED boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 2.1% year-over-year for 2022, while Wall Street anticipates its top line to improve by 6.3%.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0 to $4.48 per share. ED boasts an average earnings surprise of 5.7%.
On a historic basis, Consolidated Edison has generated cash flow growth of 8.1%, and is expected to report cash flow expansion of 7.3% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ED should be on investors' short lists.
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Consolidated Edison Inc (ED) : Free Stock Analysis Report
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