For Immediate Release
Chicago, IL – June 15, 2022 – Stocks in this week’s article are TORM (
TRMD Quick Quote TRMD - Free Report) , Helmerich & Payne ( HP Quick Quote HP - Free Report) and Murphy Oil ( MUR Quick Quote MUR - Free Report) . 3 Top Stocks That Boast Superb Earnings Acceleration
Earnings growth is the highest priority for any organization. This is because if the company doesn't make money, it won't last long. 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.
However, 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. 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.
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, but 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.
Here are the top three stocks:
TORM is a carrier of refined oil products. TORM currently has a Zacks Rank #1 (Strong Buy). The company's expected earnings growth rate for the current year is 622.2%. 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 U.S. and internationally. Helmerich & Payne currently has a Zacks Rank #2 (Buy). The company's expected earnings growth rate for the current year is 89.2%. Murphy Oil is a global oil and gas exploration and production company. Murphy Oil currently has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 345.7%.
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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/1938546/3-top-stocks-that-boast-of-superb-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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