Here's Why Energizer Holdings (ENR) is a Strong Momentum Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks using an alphabetic system (A to F) based on value, growth, and momentum, helping investors identify stocks likely to outperform the market [3][4] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and cash flow [4] - The Momentum Score assesses price trends and earnings estimates to identify stocks with upward momentum [4] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for stock selection [5] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in building successful portfolios [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] - There are over 800 top-rated stocks available, making it essential for investors to utilize Style Scores for effective selection [8] Investment Strategy - For optimal returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with a 3 (Hold) rank should also have A or B Scores to maximize upside potential [9] - The direction of earnings estimate revisions is crucial; stocks with lower ranks (e.g., 4 or 5) may still have good Style Scores but are likely to decline in price [10] Company Spotlight: Energizer Holdings - Energizer Holdings Inc. is a leading manufacturer of batteries and lighting products, holding a 1 (Strong Buy) Zacks Rank and a VGM Score of A [11] - The company has a Momentum Style Score of A, with a 0.2% increase in shares over the past four weeks and upward revisions in earnings estimates for fiscal 2024 [12] - The Zacks Consensus Estimate for Energizer's earnings has risen by $0.05 to $3.27 per share, with an average earnings surprise of 8.5% [12]