Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Escalade (ESCA) is a stock many investors are watching right now. ESCA is currently sporting a Zacks Rank #1 (Strong Buy), as well as an A grade for Value. The stock is trading with a P/E ratio of 15.29, which compares to its industry's average of 19.63. Over the past 52 weeks, ESCA's Forward P/E has been as high as 17.39 and as low as 12.51, with a median of 14.43.
These are only a few of the key metrics included in Escalade's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ESCA looks like an impressive value stock at the moment.
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Escalade, Incorporated (ESCA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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