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Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick

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.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

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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Arrow Electronics (ARW)

New York-based Arrow Electronics Inc. is one of the world’s largest distributors of electronic components and enterprise computing products. Arrow provides one of the broadest product ranges in the electronic components and enterprise computing solutions distribution industries. Along with these, the company provides a wide range of value-added services to help customers reduce their marketing time, lower the total cost of ownership, introduce innovative products through demand creation opportunities and enhance their overall competitiveness.

ARW is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of A. Earnings are expected to grow 40.7% year-over-year for the current fiscal year, with sales growth of 6.9%.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.22 to $21.81 per share. ARW also boasts an average earnings surprise of 15%.

Arrow Electronics is also cash rich. The company has generated cash flow growth of 11.1%, and is expected to report cash flow expansion of 64.1% in 2022.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ARW should be on investors' short lists.


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Arrow Electronics, Inc. (ARW) : Free Stock Analysis Report
 
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Zacks Investment Research