Frontdoor saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 94 the day before.
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The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Frontdoor has now climbed above a proper buy zone after clearing the 55.60 buy point in a cup with handle.
The stock has a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 28% earnings growth. Sales growth increased 14%, up from 13% in the prior report. That marks three quarters of increasing revenue gains.
Frontdoor holds the No. 3 rank among its peers in the Building-Maintenance & Services industry group. EMCOR Group is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
