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Here's Why General Mills (GIS) is a Strong Growth Stock
GISGeneral Mills(GIS) Zacks Investment Research·2024-02-06 15:47

Zacks Premium and Style Scores - Zacks Premium offers tools like daily updates of Zacks Rank and Zacks Industry Rank, full access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to help investors make informed decisions [1] - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, with ratings from A to F, where A indicates the highest potential for outperformance [2] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [2][3][4] - The Zacks Rank, a proprietary stock-rating model, uses earnings estimate revisions to identify stocks with high potential, with 1 (Strong Buy) stocks delivering an average annual return of +25.41% since 1988 [5] - Combining Zacks Rank 1 or 2 with Style Scores of A or B maximizes the probability of success in stock selection [6] General Mills (GIS) Analysis - General Mills Inc is a global manufacturer and marketer of branded consumer foods, including ready-to-eat cereals, snacks, and baking products, serving retail, foodservice, and commercial baking industries [7] - GIS holds a Zacks Rank of 3 (Hold) with a VGM Score of B, indicating a balanced combination of value, growth, and momentum [7] - The company has a Growth Style Score of B, with a projected year-over-year earnings growth of 4.4% for the current fiscal year [7] - Six analysts revised their earnings estimates higher for fiscal 2024, and the Zacks Consensus Estimate increased by 0.02to0.02 to 4.49 per share, with an average earnings surprise of 5.7% [7] - GIS is recommended for investors seeking growth opportunities, given its strong Zacks Rank and top-tier Growth and VGM Style Scores [8]