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Zacks.com featured highlights include Dycom Industries, HNI, Hamilton Insurance and GigaCloud
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For Immediate Release
Chicago, IL – May 6, 2024 – Stocks in this week’s article are Dycom Industries, Inc. (DY - Free Report) , HNI Corp. (HNI - Free Report) , Hamilton Insurance Group, Ltd. (HG - Free Report) and GigaCloud Technology Inc. (GCT - Free Report)
Scoop Up Big Gains with 4 Stocks Enjoying Rising Cash Flows
If achieving profit is a company’s goal, then having a healthy cash flow is most essential for its existence, development and success. This is because cash offers strength, vitality and flexibility to make investment decisions as well as the fuel to run its growth engine.
In this regard, stocks like Dycom Industries, Inc., HNI Corp., Hamilton Insurance Group, Ltd. and GigaCloud Technology Inc. are worth buying.
Admittedly, investors flock to companies that earn profits but even a profitable business can succumb to failure if its cash flow is irregular and eventually file for bankruptcy. However, a company’s resiliency can be fairly judged when its efficacy in generating cash flows is assessed. This is because cash not only shields a company from market mayhem but also indicates that its profits are being channeled in the right direction.
Moreover, analyzing a company’s cash-generating efficiency holds more relevance in the current context amid uncertainties in the global economy, market disruptions and dislocations, as well as liquidity concerns resulting from geopolitical tensions.
To figure out this efficiency, one needs to consider a company’s net cash flow. While in any business, cash moves in and out, it is net cash flow that explains how much money a company is actually generating.
If a company is experiencing a positive cash flow, it denotes an increase in its liquid assets, which gives it the means to meet debt obligations, shell out for expenses, reinvest in the business, endure downturns and finally return wealth to shareholders. On the other hand, a negative cash flow indicates a decline in the company’s liquidity, which in turn lowers its flexibility to support these moves.
However, having a positive cash flow merely does not secure a company’s future growth. To ride on the growth curve, a company must have its cash flow increasing because that indicates management’s efficiency in regulating its cash movements and less dependency on outside financing for running its business.
Therefore, keep yourself abreast with the following screen to bet on stocks with rising cash flows.
Here are our four picks out of the 10 stocks that qualified the screening:
Dycom Industries is a specialty contracting firm operating in the telecom industry. The company provides diverse services such as engineering, construction, maintenance and installation services for the cable and telephone companies.
The Zacks Consensus Estimate for Dycom Industries’ fiscal 2025 earnings has moved up 7.2% to $7.14 per share over the past two months. DY has a VGM Score of A.
HNI Corp. provides products and solutions for home and workplace environments. HNI is a leading global provider and designer of office furniture, and the leading manufacturer and marketer of hearth products.
The Zacks Consensus Estimate for HNI Corp.’s 2024 earnings per share has been revised 5.8% upward to $3.10 in the past week. HNI has a VGM Score of A.
Hamilton Insurance underwrites specialty insurance and reinsurance risks principally in Bermuda and internationally. It has three underwriting platforms Hamilton Global Specialty, Hamilton Select and Hamilton Re.
The Zacks Consensus Estimate for its current-year earnings has improved 16.2% over the past month to $3.08. HG has a VGM Score of B.
GigaCloud is a pioneer of global end-to-end B2B e-commerce solutions for large parcel merchandise. Its platform integrates various aspects of e-commerce, including product discovery, payment processing and logistics, to streamline the buying and selling process for large items.
The Zacks Consensus Estimate for GCT’s 2024 earnings per share has moved up 30.7% over the past two months to $2.98. GigaCloud has a VGM Score of A.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software.
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 Dycom Industries, HNI, Hamilton Insurance and GigaCloud
For Immediate Release
Chicago, IL – May 6, 2024 – Stocks in this week’s article are Dycom Industries, Inc. (DY - Free Report) , HNI Corp. (HNI - Free Report) , Hamilton Insurance Group, Ltd. (HG - Free Report) and GigaCloud Technology Inc. (GCT - Free Report)
Scoop Up Big Gains with 4 Stocks Enjoying Rising Cash Flows
If achieving profit is a company’s goal, then having a healthy cash flow is most essential for its existence, development and success. This is because cash offers strength, vitality and flexibility to make investment decisions as well as the fuel to run its growth engine.
In this regard, stocks like Dycom Industries, Inc., HNI Corp., Hamilton Insurance Group, Ltd. and GigaCloud Technology Inc. are worth buying.
Admittedly, investors flock to companies that earn profits but even a profitable business can succumb to failure if its cash flow is irregular and eventually file for bankruptcy. However, a company’s resiliency can be fairly judged when its efficacy in generating cash flows is assessed. This is because cash not only shields a company from market mayhem but also indicates that its profits are being channeled in the right direction.
Moreover, analyzing a company’s cash-generating efficiency holds more relevance in the current context amid uncertainties in the global economy, market disruptions and dislocations, as well as liquidity concerns resulting from geopolitical tensions.
To figure out this efficiency, one needs to consider a company’s net cash flow. While in any business, cash moves in and out, it is net cash flow that explains how much money a company is actually generating.
If a company is experiencing a positive cash flow, it denotes an increase in its liquid assets, which gives it the means to meet debt obligations, shell out for expenses, reinvest in the business, endure downturns and finally return wealth to shareholders. On the other hand, a negative cash flow indicates a decline in the company’s liquidity, which in turn lowers its flexibility to support these moves.
However, having a positive cash flow merely does not secure a company’s future growth. To ride on the growth curve, a company must have its cash flow increasing because that indicates management’s efficiency in regulating its cash movements and less dependency on outside financing for running its business.
Therefore, keep yourself abreast with the following screen to bet on stocks with rising cash flows.
Here are our four picks out of the 10 stocks that qualified the screening:
Dycom Industries is a specialty contracting firm operating in the telecom industry. The company provides diverse services such as engineering, construction, maintenance and installation services for the cable and telephone companies.
The Zacks Consensus Estimate for Dycom Industries’ fiscal 2025 earnings has moved up 7.2% to $7.14 per share over the past two months. DY has a VGM Score of A.
HNI Corp. provides products and solutions for home and workplace environments. HNI is a leading global provider and designer of office furniture, and the leading manufacturer and marketer of hearth products.
The Zacks Consensus Estimate for HNI Corp.’s 2024 earnings per share has been revised 5.8% upward to $3.10 in the past week. HNI has a VGM Score of A.
Hamilton Insurance underwrites specialty insurance and reinsurance risks principally in Bermuda and internationally. It has three underwriting platforms Hamilton Global Specialty, Hamilton Select and Hamilton Re.
The Zacks Consensus Estimate for its current-year earnings has improved 16.2% over the past month to $3.08. HG has a VGM Score of B.
GigaCloud is a pioneer of global end-to-end B2B e-commerce solutions for large parcel merchandise. Its platform integrates various aspects of e-commerce, including product discovery, payment processing and logistics, to streamline the buying and selling process for large items.
The Zacks Consensus Estimate for GCT’s 2024 earnings per share has moved up 30.7% over the past two months to $2.98. GigaCloud has a VGM Score of A.
Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and back-testing software.
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/2267738/scoop-up-big-gains-with-4-stocks-enjoying-rising-cash-flows
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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.
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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.