EnerSys (ENS) is a Top-Ranked Momentum Stock: Should You Buy?

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's financial health and future growth potential [4] - Momentum Score evaluates stocks based on price trends and earnings outlook [5] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, achieving an average annual return of +25.41% since 1988 [8] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [9] - The direction of earnings estimate revisions is crucial; stocks with lower ranks but high Style Scores may still face price declines [10] Company Spotlight: EnerSys - EnerSys, based in Pennsylvania, specializes in manufacturing and distributing industrial batteries and related products [11] - The company holds a Zacks Rank of 1 (Strong Buy) and a VGM Score of A, indicating strong investment potential [11] - EnerSys has a Momentum Style Score of B, with shares increasing by 11.3% over the past four weeks [12] - Recent upward revisions in earnings estimates suggest a positive outlook, with the Zacks Consensus Estimate rising to $9.91 per share for fiscal 2025 [12]