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MARKETS LIVE BLOG:

STOCKS TRADE LOWER WITH FED IN FOCUS, AMAZON EARNINGS ON DECK

Prospect of rate cuts has fallen dramatically since the start of 2024, helping drive up Treasury yields

Why Energizer Holdings (ENR) is a Top Momentum Stock for the Long-Term

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.

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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Energizer Holdings (ENR)

Headquartered in St. Louis, MO, Energizer Holdings Inc. is one of the world’s leading manufacturers and distributors of batteries and lighting products. The company is a major designer and marketer of automotive fragrance, appearance and air conditioning recharge products.

ENR boasts a Momentum Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Energizer Holdings has seen some interesting price action recently; the stock is down 2.7% over the past one week and up 1.8% over the past four weeks. And in the last one-year period, ENR has lost 13%. As for the stock's trading volume, 525,757.25 shares on average were traded over the last 20 days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.02 to $3.21 per share. ENR boasts an average earnings surprise of 4%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding ENR to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Energizer Holdings, Inc. (ENR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research