Why Parker-Hannifin (PH) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence in investing [1] - The Zacks Style Scores are designed to help investors identify stocks with the highest potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four main types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4] - Value Score emphasizes finding undervalued stocks using financial ratios like P/E and Price/Sales [3] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [4] - VGM Score combines all three styles to provide a comprehensive rating for stocks [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in stock selection [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [6] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [7] Stock Example: Parker-Hannifin Corporation - Parker-Hannifin Corporation is a diversified manufacturer specializing in motion and control technologies, currently rated 3 (Hold) with a VGM Score of B [9] - The company is projected to experience a year-over-year earnings growth of 4.1% for the current fiscal year, supported by upward revisions in earnings estimates [10] - The Zacks Consensus Estimate for Parker-Hannifin's earnings has increased by $0.07 to $26.48 per share, with an average earnings surprise of 11.2% [10]