Here's Why Interactive Brokers Group, Inc. (IBKR) is a Strong Growth Stock
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.
Interactive Brokers Group, Inc. (IBKR)
Incorporated in 1977 and headquartered in Greenwich, CT, Interactive Brokers Group Inc. operates as an automated global electronic market maker and broker. The company specializes in routing orders, besides executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 150 electronic exchanges and market centers worldwide.
IBKR is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 18.6% year-over-year for the current fiscal year, with sales growth of 14.7%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $6.82 per share for 2024. IBKR boasts an average earnings surprise of 2.1%.
On a historic basis, Interactive Brokers Group, Inc. has generated cash flow growth of 29.2%, and is expected to report cash flow expansion of 42.1% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, IBKR should be on investors' short lists.
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Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report