Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

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.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

Sabesp (SBS)

Companhia de Saneamento Básico do Estado de São Paulo - SABESP provides public water and sewage services in the state of São Paulo, Brazil, which includes Sao Paulo, one of the largest cities in the world. The company, which was formed in 1973, is currently responsible for supplying water and collecting and treating sewage in 378 municipalities. Its principal shareholder is the Sao Paulo government, which owns nearly 50.3% of the company's shares.

SBS is a Zacks Rank #2 (Buy) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 3.3% over the past one week and up 14.8% over the past four weeks. SBS has gained 2% in the last one-year period as well. Looking at trading volume, an average of 638,029.63 shares exchanged hands over the last 20 trading days.

Momentum investors also pay close attention to a company's earnings. For SBS, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $1.11 to $2.17 per share for 2024. SBS boasts an average earnings surprise of 30.8%.

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

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Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS) : Free Stock Analysis Report

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