For new and old investors, making the most of the stock market opportunities and maintaining confidence in their investments are common goals.
Many investors also have a tried-and-true method that helps them make their buying and selling decisions. One way to find winning stocks based on your preferred investment method is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely used investment types: value, growth and momentum.
Why this growth stock should be on your watchlist
For growth investors, a company’s financial strength, overall health, and future prospects are of paramount importance, so they should focus on the Growth Style Score. This score examines factors such as forecast and historical earnings, revenue, and cash flow to find stocks that will generate sustainable growth over time.
Republican Services (RSG)
Republic Services is a leading provider of non-hazardous solids collection, transportation, disposal, recycling and energy services. As of December 31, 2023, the company operated 364 collection sites, 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 saltwater disposal wells in the United States and Canada. The company is involved in 76 landfill gas and renewable energy projects and was responsible for 126 closed landfills after closure.
RSG is a Zacks Rank #3 (Hold) stock with a Growth Style Score of B and a VGM Score of B. For the current fiscal year, earnings are expected to grow 10.2% year-over-year on revenue growth of 7.6%.
10 analysts have revised their earnings estimates upward in the past 60 days, and the Zacks Consensus Estimate has increased by $0.13 to $6.18 per share for 2024. RSG has an average earnings surprise of 7.6%.
Republic Services is also cash rich. The company has generated a 9.7% cash flow increase and is expected to report a 12.3% cash flow increase in 2024.
RSG should be on investors’ shortlist due to its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Republic Services, Inc. (RSG): Free Stock Analysis Report
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