For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
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.
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.
Headquartered in North Andover, MA, Watts Water Technologies, Inc. designs, manufactures and sells various water safety and flow control products to promote safety, energy efficiency, and water conservation for commercial and residential buildings. The company reports its business under three geographic segments: Americas (73.6% of total revenues in third-quarter 2024), Europe (19.7%) and APMEA consisting of Asia-Pacific, the Middle East and Africa (6.7%).
WTS is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 5.7% year-over-year for the current fiscal year, with sales growth of 9.4%.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.04 to $8.74 per share. WTS also boasts an average earnings surprise of 7.1%.
Watts Water is also cash rich. The company has generated cash flow growth of 12.6%, and is expected to report cash flow expansion of 14.7% in 2024.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, WTS should be on investors' short lists.
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Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
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