EnerSys (ENS) 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 higher, with the expectation that established trends will continue [1] Company Overview: EnerSys (ENS) - EnerSys currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price appreciation, with a 36.4% increase over the past quarter and a 53.46% rise over the last year, compared to the S&P 500's 5.77% and 13.9% respectively [6] Price Performance - Over the past week, ENS shares increased by 3.6%, while the Zacks Manufacturing - Electronics industry rose by 4.22% [5] - The monthly price change for ENS is 13.33%, outperforming the industry's 1.58% [5] Trading Volume - The average 20-day trading volume for ENS is 513,163 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 ENS have been revised upwards, raising the consensus estimate from $9.76 to $10.28 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions [9] Conclusion - Considering the positive price trends, earnings revisions, and overall momentum, EnerSys is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]