Goosehead Insurance Cl A saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 99.
The new rating is a sign the stock is outpacing 99% of all stocks when it comes to the most important stock-picking criteria. The market's biggest winners often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Goosehead Insurance Cl A is trading within the buy zone from a 118.51 entry from a cup with handle.
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The stock earns a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 182% rise in earnings for Q4. It has now posted accelerating EPS gains for two consecutive quarters. Sales growth climbed 49%, up from 10% in the prior quarter. That marks one quarter of accelerating revenue growth.
Goosehead Insurance Cl A earns the No. 1 rank among its peers in the Insurance-Property/Casualty/Title industry group. Skyward Specialty Ins and Progressive are also among the group's highest-rated stocks.
