Canada markets open in 1 hour 42 minutes
  • S&P/TSX

    18,979.01
    -256.08 (-1.33%)
     
  • S&P 500

    3,744.52
    -38.76 (-1.02%)
     
  • DOW

    29,926.94
    -346.93 (-1.15%)
     
  • CAD/USD

    0.7290
    +0.0013 (+0.18%)
     
  • CRUDE OIL

    89.41
    +0.96 (+1.09%)
     
  • BTC-CAD

    27,413.07
    -474.39 (-1.70%)
     
  • CMC Crypto 200

    454.51
    -8.61 (-1.86%)
     
  • GOLD FUTURES

    1,717.40
    -3.40 (-0.20%)
     
  • RUSSELL 2000

    1,752.51
    -10.18 (-0.58%)
     
  • 10-Yr Bond

    3.8260
    0.0000 (0.00%)
     
  • NASDAQ futures

    11,498.75
    -43.00 (-0.37%)
     
  • VOLATILITY

    30.35
    +1.80 (+6.30%)
     
  • FTSE

    7,008.15
    +10.88 (+0.16%)
     
  • NIKKEI 225

    27,116.11
    -195.19 (-0.71%)
     
  • CAD/EUR

    0.7440
    +0.0014 (+0.19%)
     

Why Globus Medical (GMED) is a Top Growth Stock for the Long-Term

·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

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.

Globus Medical (GMED)

Audubon, PA-based Globus Medical, Inc. is a medical device company that develops and commercializes healthcare solutions for patients with musculoskeletal disorders. The company currently has its sales operations distributed across 51 counties worldwide.

GMED sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 2.9% and 7.2% year-over-year, respectively.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0 to $2.10 per share. GMED boasts an average earnings surprise of 7.2%.

On a historic basis, Globus Medical has generated cash flow growth of 12.1%, and is expected to report cash flow expansion of 36.3% this year.

GMED should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


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
 
Globus Medical, Inc. (GMED) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.