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.
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
Light & Wonder, Inc., formerly known as Scientific Games Corporation, is a leading developer of technology-based products and services and associated content for the gaming, social and digital gaming industries globally. The company changed its name on Apr 28, 2022 due to the sale of the Lottery Business that continues to use the previous name of Scientific Games, and also to align with its vision of becoming a leading cross-platform global games company.
LNW sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is down 6% and up 18% over the past one-week and four-week period, respectively, and Light & Wonder has gained 2.2% in the last one-year period as well. Additionally, an average of 844,588.38 shares were traded over the last 20 trading sessions.
Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.11 to $5.76 per share. LNW boasts an average earnings surprise of 29.1%.
With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding LNW to their portfolios.
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Light & Wonder, Inc. (LNW) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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