AXIS Capital(AXS) ZACKS·2024-09-09 14:56Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence, including daily updates, research reports, and stock screens [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 growth potential, analyzing projected and historical earnings and cash flow [3] - The Momentum Score targets stocks with upward or downward trends, utilizing price changes and earnings estimate shifts to identify optimal buying times [3] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [4] Zacks Rank and Style Scores Interaction - The Zacks Rank, based on earnings estimate revisions, has shown a strong performance with 1 (Strong Buy) stocks averaging a 25.41% annual return since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential success [6] - Stocks with lower Zacks Ranks, even with high Style Scores, may still face downward price pressure due to negative earnings outlooks [6] Company Spotlight: Axis Capital - Axis Capital Holdings Limited, incorporated in 2002, is a Bermuda-based holding company with a strong Zacks Rank of 1 (Strong Buy) and a VGM Score of B [8] - The company has a Momentum Style Score of B, with shares increasing by 3.5% over the past four weeks, and has seen positive earnings estimate revisions [8] - The Zacks Consensus Estimate for Axis Capital's fiscal 2024 earnings has risen by $0.60 to $10.71 per share, with an impressive average earnings surprise of 94.6% [8]