Why ETN is a Long-Term Top Momentum Stock

Making the most of one's investment time in the stock market and doing it with self-assurance are common objectives for both novice and seasoned investors.

The Zacks Style Scores are a one-of-a-kind set of rules for evaluating companies according to three widely used investing methodologies: growth, momentum, and value. They make it easier to achieve these goals. With the Style Scores, you can more easily determine which stocks are better suited to your portfolio and have a greater chance of outperforming the market in the long run. Is This One Momentum Stock an Absolute Must-Have Right Now?

Investors that focus on the upward or negative trend of a stock's price or earnings forecast will find the Momentum Style Score to be quite useful. Using data such as the percentage change in earnings predictions from month to month and the one-week price movement, this Score can determine whether it is a suitable moment to create a stake in a stock.

Company headquartered in Dublin, Ireland As a world-renowned innovator in electrical components and systems, Eaton Corporation plc offers a wide range of power management services. It employs over 85,000 people and sells its wares in over 175 countries. In 1911, the business was established.

With a Momentum Style Score of A and a VGM Score of B, ETN is a stock that has been recommended by Zacks as a Buy. In the previous week, shares rose 9.9 percent, and in the four weeks before to that, they rose 15 percent. In the past year, ETN has also increased in value by 65.5%. Over the previous 20 trading days, an average of 1,635,817.25 shares were traded based on trading volume.

Earnings are another important metric for momentum investors. In the past 60 days, five analysts have raised their profits estimates for ETN, leading to a $0.10 rise to $10.07 per share for 2024 according to the Zacks Consensus Estimate. On average, ETN's profits have surprised investors by 4.8%.

Due to its strong Zacks Ranks, noteworthy earnings measures, and great Momentum and VGM Style Scores, investors should carefully examine ETN for their portfolios.

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