Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio

It doesn’t matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

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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.

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.

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Headquartered in Houston, Texas, Waste Management Inc. is a leading provider of comprehensive waste management services in North America. The company provides collection, transfer, recycling and resource recovery, as well as disposal services to residential, commercial, industrial and municipal customers. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States.

WM is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 17.9% year-over-year for the current fiscal year, with sales growth of 8%.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $7.30 per share. WM boasts an average earnings surprise of 8.6%.

Looking at cash flow, Waste Management is expected to report cash flow growth of 9.3% this year; WM has generated cash flow growth of 7.6% over the past three to five years.

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WM 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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Waste Management, Inc. (WM) : Free Stock Analysis Report

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