Why Legget & Platt (LEG) is a Top Growth Stock for the Long-Term

Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates, access to the Zacks Rank, and Equity Research reports [1][2] - The service includes the Zacks Style Scores, which are designed to help investors select stocks with the highest potential to outperform the market in the short term [2][9] Group 2: Zacks Style Scores - The Zacks Style Scores categorize stocks into four main types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - The Value Score identifies undervalued stocks using financial ratios like P/E and Price/Cash Flow [3] - The Growth Score assesses stocks based on projected earnings and sales growth [4] - The Momentum Score evaluates stocks based on price trends and earnings estimate changes [5] - The VGM Score combines all three styles to highlight stocks with the best overall potential [6] Group 3: Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [10] Group 4: Company Spotlight - Leggett & Platt - Leggett & Platt Inc. is a global manufacturer based in Carthage, MO, producing a variety of engineered components for homes, offices, and automobiles [12] - The company currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating solid performance potential [12] - Leggett & Platt is particularly appealing to growth investors, with a Growth Style Score of B and a forecasted year-over-year earnings growth of 5.7% for the current fiscal year [13] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing by $0.02 to $1.11 per share [13]