Axis Capital (AXS) is a Top-Ranked Value Stock: Should You Buy?

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum, aiding in identifying securities likely to outperform the market [2][3][4] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each assessing different investment characteristics [2][3][4] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score evaluates a company's future earnings and financial health to find stocks with sustainable growth potential [3] - Momentum Score capitalizes on price trends and earnings outlook changes to identify high-momentum stocks [3] - VGM Score combines all three styles to provide a comprehensive assessment of stocks based on value, growth, and momentum [4] Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - A large number of stocks are rated under the Zacks Rank, with over 200 stocks classified as Strong Buy and around 600 as Buy on any given day [5] Stock Example: Axis Capital (AXS) - Axis Capital Holdings Limited is rated 2 (Buy) on the Zacks Rank and has a VGM Score of A, indicating strong investment potential [8] - The company has a Value Style Score of A, supported by a forward P/E ratio of 7.48, making it attractive for value investors [8] - Recent upward revisions in earnings estimates for fiscal 2024 have increased the Zacks Consensus Estimate by $0.20 to $10.72 per share, with an average earnings surprise of 94.6% [8]