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Why Trimble Navigation (TRMB) is a Top Growth Stock for the Long-Term

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Trimble Navigation (TRMB)

Based in Sunnyvale, CA, Trimble Inc. is an original equipment manufacturer (OEM) of positioning, surveying, and machine control products. Its product portfolio is centered on the integration of real-time positioning or location technologies with wireless communications and software or information technologies.

TRMB is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 1.9% year-over-year for the current fiscal year, with sales growth of 4.6%.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $2.71 per share. TRMB also boasts an average earnings surprise of 10.7%.

Trimble Navigation is also cash rich. The company has generated cash flow growth of 4.4%, and is expected to report cash flow expansion of 7.2% in 2024.

TRMB should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

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