ICL Group Ltd. (ICL) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - ICL Group has shown strong stock performance, with a 14.1% increase over the past month and a 14.8% gain since the start of the year, outperforming the Zacks Basic Materials sector and the Zacks Fertilizers industry [1][2]. Financial Performance - ICL Group has consistently exceeded earnings expectations, reporting an EPS of $0.11 against a consensus estimate of$0.08 in its latest earnings report [2]. - For the current fiscal year, ICL Group is projected to achieve earnings of $0.42 per share on revenues of$6.94 billion, with a year-over-year earnings growth of 14.41% [3]. - The next fiscal year forecasts earnings of $0.51 per share on revenues of$7.56 billion, reflecting an 8.86% year-over-year increase [3]. Valuation Metrics - The stock trades at 13.5X current fiscal year EPS estimates, aligning with the peer industry average [7]. - On a trailing cash flow basis, ICL Group trades at 6X compared to the peer group's average of 5.8X [7]. - The PEG ratio stands at 6.46, indicating that the company is not among the top value stocks [7]. Zacks Rank and Style Scores - ICL Group holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [8]. - The company has a Value Score of A, a Growth Score of C, and a Momentum Score of B, resulting in a combined VGM Score of A [6][8]. - The stock's favorable Zacks Rank and Style Scores suggest potential for further price appreciation in the near term [8].