For Immediate Release
Chicago, IL – September 21, 2023 – Stocks in this week’s article are Amicus Therapeutics (
FOLD Quick Quote FOLD - Free Report) , Genius Sports Ltd. ( GENI Quick Quote GENI - Free Report) and Viad Corp ( VVI Quick Quote VVI - Free Report) . 3 Stocks Worth a Watch for Solid Earnings Acceleration
Earnings are a measure of the money a company is making. Thus, companies exhibiting continuous earnings growth will continue to enthrall almost everyone in the investment world, from top brass to research analysts.
Still, earnings acceleration works better when it comes to lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price. Some of the notable companies to have witnessed solid earnings acceleration as of now are
Amicus Therapeutics, Genius Sports Ltd. and Viad Corp.
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 time frame, it can be called earnings acceleration.
In the 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 yet caught the attention of investors. Once secured, it will invariably lead to a rally in the share price. This is because earnings acceleration considers both the 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 sometimes drag prices down.
The above criteria narrowed down the universe of around 7,735 stocks to only 13. Here are three of the 13 stocks that are worth a look:
Amicus Therapeutics is a global patient-centric biotechnology company. The company currently has a Zacks Rank #3 (Hold). FOLD's expected earnings growth rate for the current year is 47.6%. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here. Genius Sports Ltd. provides digital sports content, technology and integrity services. The company currently has a Zacks Rank #3. GENI's expected earnings growth rate for the current year is 43.6%. Viad Corp. is an experiential services company with operations in the United States, Canada, the United Kingdom, continental Europe and the United Arab Emirates. The company currently has a Zacks Rank #3. VVI's expected earnings growth rate for the current year is 56.3%.
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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/2152911/3-stocks-worth-a-watch-for-solid-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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