Astec Industries(US:ASTE) Zacks Investment Research·2024-03-20 14:56Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [2] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score emphasizes a company's financial health and future growth potential based on earnings and cash flow [3] - Momentum Score assesses stocks based on price trends and earnings estimate changes to identify favorable investment opportunities [3] - VGM Score combines all three Style Scores to provide a comprehensive evaluation of stocks [4] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [6] Company Spotlight: Astec Industries (ASTE) - Astec Industries, based in Chattanooga, TN, specializes in manufacturing road building equipment [7] - Currently rated 3 (Hold) by Zacks, Astec has a VGM Score of A and a Momentum Style Score of B, with shares increasing by 16.5% in the past four weeks [7] - The earnings estimate for fiscal 2024 has been revised upward by one analyst, with the Zacks Consensus Estimate now at $2.90 per share, reflecting an average earnings surprise of 10.9% [7]