Here's Why Curtiss-Wright (CW) is a Strong Growth Stock
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
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.
Curtiss-Wright (CW)
North Carolina-based Curtiss-Wright Corporation, incorporated in July 1929, is a diversified multinational company that designs and overhauls precision components. It provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies. The company’s products and services are offered to the aerospace, defense, general industrial and power generation markets.
CW boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 12.7% year-over-year for 2024, while Wall Street anticipates its top line to improve by 7.1%.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.10 to $10.57 per share. CW also boasts an average earnings surprise of 11.5%.
Curtiss-Wright is also cash rich. The company has generated cash flow growth of 4.4%, and is expected to report cash flow expansion of 12.1% in 2024.
Investors should take the time to consider CW for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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Curtiss-Wright Corporation (CW) : Free Stock Analysis Report