Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
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
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Clean Harbors (CLH)
Headquartered in Norwell, MA, Clean Harbors, Inc. (CLH) is a leading provider of environmental, energy and industrial services in North America, wherein it operates the largest number of hazardous waste incinerators, landfills and treatment, storage and disposal facilities ("TSDFs").
CLH is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of B. Earnings are expected to grow 9.4% year-over-year for the current fiscal year, with sales growth of 9.2%.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.18 to $7.65 per share. CLH also boasts an average earnings surprise of 3%.
Clean Harbors is also cash rich. The company has generated cash flow growth of 14.8%, and is expected to report cash flow expansion of 1.1% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, CLH should be on investors' short lists.
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Clean Harbors, Inc. (CLH):Free Stock Analysis Report
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Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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