Zurn Water (ZWS) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Zurn Water (ZWS) - Zurn Water currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price appreciation, with a 31.98% increase over the past quarter and a 42.01% rise over the last year, outperforming the S&P 500's gains of 9.25% and 18.95% respectively [6] Price Performance - Over the past week, ZWS shares increased by 1.41%, while the Zacks Waste Removal Services industry remained flat; the monthly price change for ZWS is 4.45%, compared to the industry's 1.09% [5] - The average 20-day trading volume for ZWS is 903,649 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, three earnings estimates for ZWS have been revised upwards, raising the consensus estimate from $1.35 to $1.44 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Zurn Water is positioned as a promising investment opportunity with a Momentum Score of B [11]