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5 Top Stocks Worth a Buy for Solid Earnings Growth
Irrespective of whether it is a start-up or a well-known company, earnings growth is the top priority for any organization. This is because if the company doesn’t make money, it won’t survive.
So, what’s earnings growth? Study a company’s revenues over a given period, subtract the production cost, 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 striking role.
Nonetheless, stocks such as Volvo, Dycom Industries, NVIDIA, Sitio Royalties Corp. and Primerica are currently exhibiting superb earnings growth.
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’ opinions 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.
Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with historical earnings growth and are seeing a rise in quarterly and annual earnings estimates.
The above criteria narrowed down the universe of around 7,839 stocks to only 5. Here are the stocks:
Dycom Industries is a specialty contracting firm operating in the telecom industry. The company has a Zacks Rank #2. DY’s expected earnings growth rate for the next five-year period is 23.8%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. The company has a Zacks Rank #1. NVDA’s expected earnings growth rate for the next five-year period is 30.9%.
Sitio Royalties owns and manages mineral and royalty interests across premium basins. The company has a Zacks Rank #1. STR’s expected earnings growth rate for the next year is 17.8%.
Primerica provides financial products and services. The company has a Zacks Rank #2. PRI’s expected earnings growth rate for the current year is 10.5%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performance for information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include Volvo, Dycom Industries, NVIDIA, Sitio Royalties and Primerica.
For Immediate Release
Chicago, IL – April 1, 2024 – Stocks in this week’s article are Volvo (VLVLY - Free Report) , Dycom Industries (DY - Free Report) , NVIDIA (NVDA - Free Report) , Sitio Royalties Corp. (STR - Free Report) and Primerica (PRI - Free Report) .
5 Top Stocks Worth a Buy for Solid Earnings Growth
Irrespective of whether it is a start-up or a well-known company, earnings growth is the top priority for any organization. This is because if the company doesn’t make money, it won’t survive.
So, what’s earnings growth? Study a company’s revenues over a given period, subtract the production cost, 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 striking role.
Nonetheless, stocks such as Volvo, Dycom Industries, NVIDIA, Sitio Royalties Corp. and Primerica are currently exhibiting superb earnings growth.
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’ opinions 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.
Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with historical earnings growth and are seeing a rise in quarterly and annual earnings estimates.
The above criteria narrowed down the universe of around 7,839 stocks to only 5. Here are the stocks:
Volvo is a manufacturer of trucks, buses, and construction equipment. The company has a Zacks Rank #2 (Buy). VLVLY’s expected earnings growth rate for the next five-year period is 16.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Dycom Industries is a specialty contracting firm operating in the telecom industry. The company has a Zacks Rank #2. DY’s expected earnings growth rate for the next five-year period is 23.8%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. The company has a Zacks Rank #1. NVDA’s expected earnings growth rate for the next five-year period is 30.9%.
Sitio Royalties owns and manages mineral and royalty interests across premium basins. The company has a Zacks Rank #1. STR’s expected earnings growth rate for the next year is 17.8%.
Primerica provides financial products and services. The company has a Zacks Rank #2. PRI’s expected earnings growth rate for the current year is 10.5%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2247104/5-top-stocks-worth-a-buy-for-solid-earnings-growth
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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/performance for information about the performance numbers displayed in this press release.