Yahoo Finance Here's Why Republic Services (RSG) is a Strong Momentum Stock
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.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
Republic Services (RSG)
Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2023, the company operated through 364 collection operations, 246 transfer stations, 207 active landfills, 74 recycling centers, three treatment, recovery and disposal facilities, 22 treatment, storage and disposal facilities, 12 deep injection wells, 1 polymer center and 6 salt water disposal wells, across the United States and Canada. The company is engaged in 76 landfill gas-to-energy and renewable energy projects and had post-closure responsibility for 126 closed landfills.
RSG sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is up 1.6% and up 0.3% over the past one-week and four-week period, respectively, and Republic Services has gained 39.9% in the last one-year period as well. Additionally, an average of 1,205,633.50 shares were traded over the last 20 trading sessions.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.05 to $6.01 per share. RSG boasts an average earnings surprise of 8.8%.
RSG should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
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Republic Services, Inc. (RSG) : Free Stock Analysis Report
