In the Shadows of Market Uncertainty
In the wake of a minor pause in last week’s bullish surge, investors found themselves grappling with unease over the weekend. Amidst this storm of uncertainty, a beacon of hope shines through – the enduring strength of consistent earnings trends. While market momentum ebbs and flows like an unpredictable tide, earnings trends stand tall as steadfast pillars of stability. The magic lies in identifying stocks with unwavering earnings momentum, a task made simple with the aid of the Zacks Rank.
Today, basking in the spotlight of our Zacks Rank as the Bull of the Day, we have the illustrious Griffon (GFF). Griffon, a versatile titan, operates as a diversified management and holding company, conducting business across three key segments – Home & Building Product, Telephonics, and Clopay Plastic Products.
A Steadfast Beacon in the Dark
Nestled securely within the Diversified Operations industry with a Zacks Rank #1 (Strong Buy), Griffon finds itself perched among the top 21% of our Zacks Industry Rank. Bolstering its favorable standing, the stock boasts a Zacks Value Style Score of B, Growth of A, and Momentum of C, culminating in a stellar VGM Composite Score of A.
The genesis of this unfaltering strength can be traced back to the last earnings revelation, which acted as a catalyst for a surge in earnings estimates. Surpassing expectations by 29 cents in the previous quarter, marking a 37% beat, Griffon has embarked on a remarkable journey of consistently outperforming earnings projections over the past year. To witness such an extraordinary feat leaves one awe-struck.
Shifting the Winds of Fortune
This remarkable momentum has propelled analysts to raise the stakes, boosting both the current year and next year earnings estimates. Riding on the waves of optimism, our Zacks Consensus Estimates for the current year have surged from $4.62 to $4.80, while next year’s estimates have risen from $5.56 to $5.97.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
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Griffon Corporation (GFF) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
