Tractor Supply (TSCO) is one of the highest ranked growth stocks: should you buy?

Regardless of your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving these goals is easier with Zacks Style Scores, a unique set of guidelines that rate stocks based on popular investment methodologies, namely value, growth and momentum. Style scores can help you determine which stocks are the best fit for your portfolio and which can beat the market over the long term.

Why This Growth Stock 1 Should Be On Your Watchlist

For growth investors, a company’s financial strength, overall health and future prospects are paramount, so they will want to focus on the growth style score. This score looks at things like forecast and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

Supply of Tractors (TSCO)

Based in Brentwood, TN, Tractor Supply Company is the largest farm and ranch retail chain in the United States. The company focuses on recreational farmers and ranchers as well as traders and small businesses. It offers a wide range of merchandise such as livestock, pet and animal products, agricultural and rural maintenance products, hardware and tools, electrical lawn and garden equipment, truck and towing products and workwear.

TSCO sits at Zacks rank No. 3 (Hold), holds a Growth Style score of A and a VGM score of A. Earnings and sales are expected to grow 11.3% and 10.7% respectively from a year to year.

Seven analysts raised their earnings estimate in the past 60 days for fiscal 2022. Zacks’ consensus estimate rose $0.06 to $9.58 per share. TSCO posts an average earnings surprise of 10.2%.

Tractor Supply is also cash-rich. The company generated cash flow growth of 16.9% and is expected to record a cash flow increase of 23.8% in 2022.

TSCO should be on investor shortlists because of its impressive growth fundamentals, strong Zacks rankings, and strong VGM growth and style scores.

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Tractor Supply Company (TSCO): Free Inventory Analysis Report

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