Heico Corporation (HEI) is a Top-Ranked Growth Stock: Should You Buy?

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various resources like daily updates, research reports, and stock screens [1][2]. Zacks Style Scores - Zacks Style Scores are indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks likely to outperform the market in the short term [2][3]. - Each stock receives a rating from A to F, with A indicating the highest potential for outperformance [3]. Value Score - The Value Style Score focuses on identifying undervalued stocks by analyzing financial ratios such as P/E, PEG, and Price/Sales [3]. Growth Score - The Growth Style Score assesses a company's financial health and future outlook by examining projected and historical earnings, sales, and cash flow [4]. Momentum Score - The Momentum Style Score evaluates stocks based on price trends and earnings estimate changes, aiding investors in timing their purchases of high-momentum stocks [5]. VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores, providing a comprehensive indicator for stock selection [6]. Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +23.81% since 1988, significantly outperforming the S&P 500 [7][8]. - There are over 800 stocks rated 1 or 2, which can be overwhelming for investors [8]. Stock to Watch: Heico Corporation - Heico Corporation is a leading manufacturer of FAA-approved jet engine and aircraft component replacement parts, also producing electronic equipment for various industries [11]. - Currently rated 3 (Hold) with a VGM Score of B, Heico shows potential for growth with a Growth Style Score of B and a forecasted year-over-year earnings growth of 28.6% for the current fiscal year [12]. - The Zacks Consensus Estimate for Heico's earnings has increased by $0.14 to $4.72 per share, with an average earnings surprise of +13.4% [12][13].