Here's Why World Wrestling Entertainment (WWE) is a Strong Growth Stock
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
World Wrestling Entertainment (WWE)
World Wrestling Entertainment Inc. or WWE is an integrated media and entertainment company with business in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company is primarily engaged in the production and distribution of unique and creative content via myriad channels, including the premium over-the-top network (“WWE Network”) monetized through license arrangements or through direct-to-consumer subscriptions, content rights agreements, premium live event programming, and the sale of consumer products featuring brands. The company leverages the Internet and social media platforms such as YouTube and Facebook, to promote brands, market and distribute content and digital products.
WWE boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 21.2% year-over-year for 2022, while Wall Street anticipates its top line to improve by 18.7%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.08 to $2.57 per share for 2022. WWE boasts an average earnings surprise of 25.2%.
On a historic basis, World Wrestling Entertainment has generated cash flow growth of 22%, and is expected to report cash flow expansion of 14.7% this year.
Investors should take the time to consider WWE for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
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World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report
