Looking for a Growth Stock? 3 Reasons Why Parker-Hannifin (PH) is a Solid Choice

Core Viewpoint - Investors are seeking growth stocks that demonstrate above-average growth potential, with Parker-Hannifin identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - Parker-Hannifin has a historical EPS growth rate of 21.5%, with projected EPS growth of 4.7% for the current year, surpassing the industry average of 4.5% [5]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.3%, significantly higher than the industry average of 10.2% [6]. - Historical annualized cash flow growth for Parker-Hannifin stands at 16.3% over the past 3-5 years, compared to the industry average of 8.4% [7]. Group 3: Earnings Estimate Revisions - Current-year earnings estimates for Parker-Hannifin have been revised upward, with the Zacks Consensus Estimate increasing by 0.1% over the past month [9]. - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating potential for price appreciation [8]. Group 4: Overall Assessment - Parker-Hannifin holds a Zacks Rank of 2 (Buy) and a Growth Score of B, reflecting its strong growth characteristics and potential as a solid choice for growth investors [10][11].