Here's Why BioMarin Pharmaceutical (BMRN) is a Strong Growth Stock

Zacks
09 Jan

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

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.

Why This 1 Growth Stock Should Be On Your Watchlist

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.

BioMarin Pharmaceutical (BMRN)

San Rafael, CA-based BioMarin Pharmaceutical Inc. focuses on the development and commercialization of treatments for life-threatening severe medical conditions, mainly for children.

BMRN is a Zacks Rank #1 (Strong Buy) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 57.7% year-over-year for the current fiscal year, with sales growth of 16.4%.

One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $3.28 per share for 2024. BMRN boasts an average earnings surprise of 28.7%.

On a historic basis, BioMarin Pharmaceutical has generated cash flow growth of 54.6%, and is expected to report cash flow expansion of 23.3% this year.

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

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