Yahoo Finance Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
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
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Wendy's (WEN)
The Wendy's Company, the world’s third-largest quick-service restaurant company, operates through its subsidiary holding company — Wendy’s Restaurants, LLC. The fast-food chain through its subsidiary operates as a franchisor of Wendy's restaurant system. As of Oct 1, 2023, Wendy's had 7,166 restaurants comprising both franchisees and company-operated restaurants in the United States and its territories and 32 other countries.
WEN is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 2.1% year-over-year for the current fiscal year, with sales growth of 3.5%.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0 to $0.99 per share. WEN also boasts an average earnings surprise of 1.2%.
Wendy's is also cash rich. The company has generated cash flow growth of 5.4%, and is expected to report cash flow expansion of 10.1% in 2024.
Investors should take the time to consider WEN for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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The Wendy's Company (WEN) : Free Stock Analysis Report
