Here's Why Textron (TXT) is a Strong Value Stock

Core Insights - Zacks Premium provides tools for investors to enhance their stock market engagement and confidence through various research services [1] - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, aiding investors in selecting stocks with high potential for market outperformance [2][3] Zacks Style Scores - Value Score: Identifies attractive and discounted stocks using ratios like P/E, PEG, and Price/Sales [2] - Growth Score: Focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [2] - Momentum Score: Assists in timing stock purchases based on price trends and earnings estimate changes [2] - VGM Score: Combines all three Style Scores to highlight stocks with the best value, growth, and momentum [3] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to help investors build successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [4] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [5] Company Spotlight: Textron Inc. (TXT) - Textron is a global multi-industry company known for manufacturing aircraft, automotive components, and industrial tools, with notable brands like Bell Helicopter and Cessna [6] - TXT holds a 1 (Strong Buy) rating on the Zacks Rank and has a VGM Score of B, indicating strong investment potential [6] - The company has seen six analysts raise their earnings estimates for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.50 to $6.27 per share, and an average earnings surprise of 13.5% [7]