Here's Why Woodward (WWD) is a Strong Growth Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [1][2] 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 [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [4] - The Growth Score evaluates a company's financial health and future outlook through projected earnings and sales [4] - The Momentum Score identifies optimal times to invest based on price trends and earnings estimate changes [5] - The VGM Score combines all three Style Scores, highlighting stocks with attractive value, growth potential, and positive momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that utilizes 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 [7][8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize returns [10] Stock Example: Woodward, Inc. - Woodward, Inc. is an independent provider of energy control solutions, currently rated 3 (Hold) with a VGM Score of B, and a Growth Style Score of B, indicating a projected year-over-year earnings growth of 40.4% for the current fiscal year [12][13] - Recent analyst revisions have increased the earnings estimate for fiscal 2024 by $0.03 to $5.91 per share, with an average earnings surprise of 18.5%, making it a potential candidate for growth investors [13]