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Why Genpact (G) is a Top Momentum Stock for the Long-Term
GGenpact(G) ZACKS·2024-12-04 15:51

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1][2]. Group 2: Zacks Style Scores - Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [3][4]. - Stocks are rated from A to F, with A indicating the highest potential for outperforming the market [4]. Group 3: Style Score Categories - Value Score identifies attractive stocks based on valuation ratios like P/E and Price/Sales, appealing to value investors [5]. - Growth Score focuses on a company's financial health and future outlook, analyzing projected earnings and sales for sustainable growth [6]. - Momentum Score helps investors capitalize on price trends, using metrics like one-week price change and monthly earnings estimate changes [7]. - VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking the best value, growth, and momentum [8]. Group 4: Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [10]. - A total of over 800 top-rated stocks are available, making it essential for investors to select those that align with their strategies [11]. Group 5: Stock Highlight - Genpact - Genpact, based in Hamilton, Bermuda, specializes in managing business processes globally, leveraging process expertise and technology [15]. - Genpact holds a 2 (Buy) Zacks Rank with a VGM Score of A, and a Momentum Style Score of A, having seen a 16.8% increase in shares over the past four weeks [16]. - The company has experienced upward revisions in earnings estimates, with the Zacks Consensus Estimate rising by 0.08to0.08 to 3.23 per share for fiscal 2024, and an average earnings surprise of 7.8% [16][17].