Here's Why Penumbra (PEN) is a Strong Growth Stock

Core Insights - The article discusses the Zacks Rank and Style Scores, which are tools designed to help investors identify stocks with high potential for outperforming the market [1][15]. Zacks Rank - Stocks are rated on a scale from 1 (Strong Buy) to 5 (Strong Sell), with 1 and 2 stocks having the highest probability of success [11][12]. - The Zacks Rank utilizes earnings estimate revisions to guide investors in creating successful portfolios [9][18]. Style Scores - The Style Scores are categorized into Value, Growth, and Momentum, each focusing on different investment strategies [5][6][7]. - The Value Style Score identifies undervalued stocks using financial ratios, while the Growth Style Score focuses on a company's future earnings potential [5][6]. - The Momentum Style Score helps investors capitalize on price trends, indicating optimal times to invest based on recent price changes [7]. - The VGM Score combines all three Style Scores, providing a comprehensive assessment of a stock's attractiveness [8]. Stock Highlight: Penumbra (PEN) - Penumbra is rated 2 (Buy) on the Zacks Rank, with a VGM Score of B, indicating strong potential for growth [13][21]. - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate to $2.88 per share, reflecting a 26% average earnings surprise [14][20]. - The company is projected to achieve year-over-year earnings growth of 37.8% for the current fiscal year, making it an appealing option for growth investors [20][21].