Ensign Group (ENSG) is a Top-Ranked Growth Stock: Should You Buy?

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1][8] Zacks Style Scores - Zacks Style Scores are indicators designed to help investors select stocks with the potential to outperform the market within 30 days, rated from A to F based on value, growth, and momentum [2][3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E, PEG, and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [3] - The Momentum Score assists investors in capitalizing on price trends by evaluating short-term price changes and earnings estimate revisions [4] - The VGM Score combines the three Style Scores to identify stocks with attractive value, strong growth forecasts, and promising momentum, serving as a useful indicator alongside the Zacks Rank [5] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal return potential [9][10] Company Spotlight: Ensign Group (ENSG) - Ensign Group, founded in 1999 and based in San Juan Capistrano, CA, provides healthcare services in the post-acute care continuum and urgent care [11] - Currently rated 3 (Hold) by Zacks, ENSG has a VGM Score of B and a Growth Style Score of B, with a projected year-over-year earnings growth of 13% for the current fiscal year [11][12] - Recent analyst revisions have increased the earnings estimate for fiscal 2024 by $0.02 to $5.39 per share, with an average earnings surprise of 1.3%, making ENSG a notable option for growth investors [12]