LATAM (LTM) is a Top-Ranked Growth Stock: Should You Buy?

Core Insights - LATAM Airlines, headquartered in Santiago, Chile, is Latin America's leading airline and has successfully emerged from Chapter 11 bankruptcy on November 3, 2022, after a financial restructuring aimed at reducing debt and adapting to COVID-19 challenges [11] - The company emerged with approximately $2.2 billion in liquidity and a 35% reduction in debt, alongside a more resilient operational structure [11] - LATAM is currently rated 2 (Buy) on the Zacks Rank, with a VGM Score of A, indicating strong potential for growth [12] Financial Performance - LATAM is forecasted to achieve year-over-year earnings growth of 52.6% for the current fiscal year [12] - The Zacks Consensus Estimate for LATAM's earnings has increased by $0.25 to $4.93 per share, with two analysts revising their earnings estimates higher in the last 60 days [12] - The company boasts an average earnings surprise of +29.8%, indicating strong performance relative to expectations [12] Investment Potential - With a solid Zacks Rank and top-tier Growth and VGM Style Scores, LATAM is positioned as a top pick for growth investors [13]