Here's Why Nov Inc. (NOV) is a Strong Growth Stock

Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through various research services [1] Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [2] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings and cash flow [3] - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [3] - The VGM Score combines all three Style Scores, providing a comprehensive assessment of stocks based on value, growth, and momentum [4] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - 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 [6] Company Spotlight: NOV Inc. - NOV Inc., based in Houston, TX, specializes in systems and equipment for oil and gas drilling, aiming to reduce industry costs [8] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating potential for growth [8] - NOV is projected to have a year-over-year earnings growth of 5.2% for the current fiscal year, with a Zacks Consensus Estimate of $1.61 per share [8] - The company has seen seven analysts raise their earnings estimates in the last 60 days, with an average earnings surprise of 22.1% [8][9]