Yahoo Finance Here's Why Lincoln Electric Holdings (LECO) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
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.
Lincoln Electric Holdings (LECO)
Headquartered in Cleveland, OH, Lincoln Electric has 56 manufacturing locations, including operations and joint ventures in 19 countries, and a worldwide network of distributors and sales offices covering more than 160 countries. Lincoln is a full-line manufacturer and reseller of welding and cutting products with products ranging from welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumables and fluxes to regulators and torches used in cutting.
LECO sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 2.6% and 1.8% year-over-year, respectively.
Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.09 to $9.65 per share. LECO also boasts an average earnings surprise of 6.6%.
On a historic basis, Lincoln Electric Holdings has generated cash flow growth of 10.3%, and is expected to report cash flow expansion of 12.6% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, LECO should be on investors' short lists.
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Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report
