Here's Why Everest Group (EG) is a Strong Momentum Stock

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores provide a unique rating system for stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities with high potential for market outperformance [2][3] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score emphasizes finding undervalued stocks using financial ratios like P/E and Price/Sales [3] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [4] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [5] - VGM Score combines all three styles to highlight stocks with the best overall potential [6] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to rate stocks, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.64% since 1988, significantly outperforming the S&P 500 [7][8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for maximum return potential [9] - Stocks with lower ranks, even if they have good Style Scores, may still face downward price pressure due to negative earnings forecasts [10] Company Spotlight: Everest Group - Everest Group, established in 1999 and based in Warren, NJ, operates as a property and casualty insurer and reinsurer, with a statutory surplus of $5.6 billion as of December 31, 2024 [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [12] - Everest Group's Momentum Style Score is also A, with a recent 0.6% increase in share price over the past four weeks and upward revisions in earnings estimates for fiscal 2025 [12][13]