For Immediate Release
Chicago, IL – November 29, 2022 – Stocks in this week’s article are Olympic Steel
ZEUS
, Enphase Energy
ENPH
, StoneX Group
SNEX
and W.R. Berkley
WRB
.
4 Best Stocks to Buy Right Away for Earnings Growth
Irrespective of whether it is a start-up or a renowned company, earnings growth is the highest priority for any organization. This is because if the company doesn’t make money, it won’t last over the long run. So, what’s earnings growth?
Study a company’s revenues over a given period of time, subtract the cost of production, and you have earnings. By the way, this is also considered the most important variable influencing the share price. But, expectations of earnings play a noteworthy role.
Earnings Estimates & Share Price Movements
Frequently, we have seen a decline in the stock price despite earnings growth and a rally in price following an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates embody analysts’ opinion on factors such as sales growth, product demand, competitive industry environment, profit margins and cost control. Thus, earnings estimates serve as a valuable tool while making investment decisions. Earnings estimates also help analysts assess the cash flow to determine the fair value of a firm.
Investors, thus, should be on the lookout for stocks that are ready to make a big move. Hence, investors need to buy stocks with historical earnings growth that are also seeing a rise in quarterly and annual earnings estimates.
The above criteria narrowed down the universe of around 7,839 stocks to only four. Here are the stocks:
Olympic Steel
is a leading U.S. metals service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. Olympic Steel currently has a Zacks Rank #1 (Strong Buy).
ZUES’ earnings growth rate over the past five-year period is 98.4%. You can see
the complete list of today’s Zacks #1 Rank stocks here
.
Enphase Energy
is a global energy technology company that delivers energy management technology for the solar industry. Zacks Rank #2 (Buy) ENPH’s expected earnings growth rate for the current year is 80.5%.
StoneX Group
provides financial services. Currently, StoneX Group sports a Zacks Rank #1. SNEX’s expected earnings growth rate for the next year is 2.8%.
W.R. Berkley
is one of the nation’s largest commercial lines property casualty insurance providers. W.R. Berkley has a Zacks Rank #1. WRB’s expected earnings growth rate for the current year is 26.2%.
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For the rest of this Screen of the Week article please visit Zacks.com at:
https://www.zacks.com/stock/news/2022680/4-best-stocks-to-buy-right-away-for-earnings-growth
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit
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