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MARKETS LIVE BLOG:

STOCKS TRADE MIXED AS MICRON WEIGHS, WITH DATA IN FOCUS

Chewy, Petco shares soar as 'Roaring Kitty' posts dog image on X

Why Sysco (SYY) is a Top Growth Stock for the Long-Term

Zacks Equity Research
·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.

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Sysco (SYY)

Headquartered in Houston, TX, Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. The company provides products and related services to approximately 425,000 customers, including restaurants, health care and educational facilities, lodging establishments and other foodservice customers.

SYY 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 7.2% and 3.3% year-over-year, respectively.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0 to $4.30 per share. SYY also boasts an average earnings surprise of 2%.

Sysco is also cash rich. The company has generated cash flow growth of 3.8%, and is expected to report cash flow expansion of 14.6% in 2024.

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

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Sysco Corporation (SYY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research