Armstrong World Industries(US:AWI) Zacks Investment Researchยท2024-05-01 14:46Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores categorize stocks into Value, Growth, Momentum, and VGM Scores, helping investors identify stocks with the potential to outperform the market [2][3] Zacks Style Scores - Value Score: Focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales [2] - Growth Score: Evaluates a company's financial health and future growth potential based on earnings and sales projections [2] - Momentum Score: Assesses stocks based on price trends and earnings estimate changes to capitalize on market momentum [2] - VGM Score: Combines Value, Growth, and Momentum scores to identify stocks with the best overall characteristics [3] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [4] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment success [5] Company Spotlight: Armstrong World Industries (AWI) - Armstrong World Industries, established in 1891, is a leading global producer of ceiling systems for various building applications [6] - AWI holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [6] - The company has a Value Style Score of B, supported by a forward P/E ratio of 19.93, making it attractive to value investors [6] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate increasing by $0.12 to $5.77 per share, and an average earnings surprise of 15.2% [6][7]