Here's Why Watts Water (WTS) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
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.
Watts Water (WTS)
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 (75% of total revenues in second-quarter 2024), Europe (19.1%) and APMEA consisting of Asia-Pacific, the Middle East and Africa (5.9%).
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 5.3% year-over-year for the current fiscal year, with sales growth of 9.8%.
Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $8.71 per share for 2024. WTS boasts an average earnings surprise of 9.4%.
Looking at cash flow, Watts Water is expected to report cash flow growth of 14.7% this year; WTS has generated cash flow growth of 12.6% over the past three to five years.
WTS should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report