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Here's Why Wesco International (WCC) is a Strong Growth Stock

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

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

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.

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Wesco International (WCC)

WESCO International, Inc. based in Pittsburgh, PA is one of the largest players in the highly fragmented distribution market for electrical construction products in North America.

WCC sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 61.4% and 16.6% year-over-year, respectively.

Four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $16.11 per share for 2022. WCC boasts an average earnings surprise of 25.1%.

Wesco International is also cash rich. The company has generated cash flow growth of 23.4%, and is expected to report cash flow expansion of 101.4% in 2022.

Investors should take the time to consider WCC for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

WESCO International, Inc. (WCC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research