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Zacks.com featured highlights include Olympic Steel, Enphase Energy, StoneX Group and W.R. Berkley

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For Immediate Release

Chicago, IL – November 29, 2022 – Stocks in this week’s article are Olympic Steel (ZEUS - Free Report) , Enphase Energy (ENPH - Free Report) , StoneX Group (SNEX - Free Report) and W.R. Berkley (WRB - Free Report) .

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.

About Screen of the Week

Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine.  But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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Contact: Jim Giaquinto

Company: Zacks.com

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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 https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.

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