New Jersey Resources (NJR) is an Incredible Growth Stock: 3 Reasons Why

Core Viewpoint - Growth investors are focused on stocks with above-average financial growth, but identifying stocks that can fulfill their potential is challenging [1] Group 1: Company Overview - New Jersey Resources (NJR) is highlighted as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 9.6%, with projected EPS growth of 11.2% this year, surpassing the industry average of 9.5% [4] Group 2: Financial Metrics - NJR's year-over-year cash flow growth is 10.3%, significantly higher than the industry average of -2.8% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 12.3%, compared to the industry average of 7% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for NJR, with the Zacks Consensus Estimate for the current year increasing by 1.2% over the past month [7] - NJR has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B, indicating strong potential for outperformance [9]