For Immediate Release
Chicago, IL – June 3, 2022 – Stocks in this week’s article are Murphy Oil (
MUR Quick Quote MUR - Free Report) , Helmerich & Payne ( HP Quick Quote HP - Free Report) , and Lesaka Technologies, Inc. ( LSAK Quick Quote LSAK - Free Report) . 3 Stocks to Buy for Remarkable Earnings Acceleration
Earnings acceleration is the incremental growth in a company's earnings per share (EPS). In other words, if the rate of a company's quarter-over-quarter earnings growth increases within a stipulated frame of time, it can be called earnings acceleration.
We all know that constant earnings growth captivates almost everyone, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works even better when it comes to lifting the stock price. Studies have shown that most successful stocks had seen an acceleration in earnings before an uptick in the stock price.
In case of earnings growth, you pay for something that is already reflected in the stock price. But earnings acceleration helps spot stocks that haven't caught the attention of investors yet, which once secured, will invariably lead to a rally in the share price. This is because earnings acceleration considers both direction and magnitude of growth rates.
An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may at times drag prices down.
The above criteria narrowed down the universe of around 7,735 stocks to only 18. Here are the top three stocks: Murphy Oil was founded in 1950. Murphy Oil is a global oil and gas exploration and production company. The company currently has a Zacks Rank #1 (Strong Buy). The company's expected earnings growth rate for the current year is 303.1%. You can see the complete list of today's Zacks #1 Rank stocks here. Helmerich & Payne is engaged in the contract drilling of oil and gas wells in the United States and internationally. Helmerich & Payne currently has a Zacks Rank #2 (Buy). The company's expected earnings growth rate for the current year is 84.6%. Lesaka Technologies, Inc. provides its universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies. Lesaka Technologies currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 23.9%.
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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/1932864/3-stocks-to-buy-for-remarkable-earnings-acceleration 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
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Contact: Jim Giaquinto
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