Earnings Growth & Price Strength Make Axon Enterprise (AXON) a Stock to Watch

Zacks Premium Service Overview - Zacks Premium service provides daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens like the Earnings ESP filter [1] - The service helps investors identify stocks to buy, sell, and target today's hottest industries [1] - The Focus List is a long-term portfolio of 50 top stocks poised to outperform the market over the next 12 months [1] Focus List Performance - The Focus List gained 13.85% on an annualized basis in 2020, compared to the S&P 500's return of 9.38% [2] - Cumulatively, the Focus List returned 2,519.23% from February 1, 1996, to March 31, 2021, while the S&P 500 returned 854.95% [2] Focus List Methodology - Stocks are selected based on earnings estimate revisions, which reflect expectations of growth and profitability [3] - Positive changes to earnings estimates increase the likelihood of future upward revisions [3] - The Zacks Rank, which includes four pillars (Agreement, Magnitude, Upside, and Surprise), is used to classify stocks into five groups, ranging from "Strong Buy" to "Strong Sell" [4] - The Focus List comprises stocks hand-picked from 1 (Strong Buy) or 2 (Buy) ranked companies, indicating a bullish earnings consensus among analysts [4] Focus List Spotlight: Axon Enterprise (AXON) - Axon Enterprise develops and manufactures weapons and public safety products, including body-worn cameras, cloud-hosted digital evidence management solutions, and real-time operations capabilities [6] - AXON was added to the Focus List on June 3, 2020, at $97.85 per share and has since increased 225.25$318.26 [6] - For fiscal 2024, five analysts revised their earnings estimate upwards in the last 60 days, increasing the Zacks Consensus Estimate by $0.34 to$4.48 [6] - AXON boasts an average earnings surprise of 58.7% and is expected to grow earnings by 8.2% for the current fiscal year [6][7] Zacks Premium Research Tools - Zacks Premium offers powerful research tools, including the Zacks 1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, and Premium Screener, to help investors identify winning stocks and improve portfolio performance [8]