Here's Why Armstrong World Industries (AWI) is a Strong Growth Stock

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1][2] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with high potential for market outperformance [3][10] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [4][5][6] - Value Score focuses on identifying undervalued stocks using financial ratios [4] - Growth Score emphasizes a company's financial health and future growth potential [5] - Momentum Score tracks price trends to identify favorable investment opportunities [6] - VGM Score combines all three styles, providing a comprehensive assessment of stocks [7] Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to facilitate portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal success [10][11] Company Spotlight: Armstrong World Industries (AWI) - Armstrong World Industries, established in 1891, is a leading global producer of ceiling systems for various building applications [12] - AWI holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [12] - The company is particularly appealing to growth investors, with a projected year-over-year earnings growth of 16.2% for the current fiscal year [13] - Recent earnings estimates for fiscal 2024 have been revised upward, with the Zacks Consensus Estimate now at $6.18 per share, alongside an average earnings surprise of 10.5% [13]