Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Even though you may have an investing style you rely on, finding great stocks just got easier with Zacks Style Scores. These are complementary indices that evaluate stocks based on value, growth, and/or momentum characteristics.

Is this No. 1 momentum stock a screaming buy now?

Momentum oriented investors, different from value or growth investors, live by the saying “the trend is your friend.” This investment style revolves around taking advantage of upward or downward trends in the stock price or earnings outlook. Using factors such as one-week price change and monthly percentage change in earnings estimates, Momentum Pattern Scores can indicate favorable times to build a position in stocks with high momentum.

Domino’s Pizza (DPZ)

Domino’s Pizza Inc. was founded. In 1960, which offers pizza under the Domino’s Pizza brand, it is one of the best companies in the category of quick service restaurants or QSR Pizza.

DPZ is at a Zacks Rank #3 (Hold), carries a Momentum Style Score of B, and has a VGM Score of B. The stock has gained 3.6% and is up 13.1% over the one-week and four-week period, respectively, and Domino’s Pizza has lost 15.2% over the period Last year too. Additionally, an average of 587,955 shares have traded hands over the last 20 trading sessions.

A company’s earnings performance is important to momentum investors as well. For fiscal 2023, four analysts have revised their earnings estimates higher in the last 60 days for DPZ, while the Zacks Consensus Estimate has increased $0.06 to $13.34 per share. DPZ also boasts an average earnings surprise of 3.9%.

DPZ should be on investors’ shortlist due to its impressive earnings fundamentals, good Zacks Rank, strong Momentum Score and VGM Style Scores.

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Domino’s Pizza Inc (DPZ): Free Stock Analysis Report

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