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AEM, ATR, and VICI were shortlisted for strong historical EPS growth and rising earnings estimates.
Agnico Eagle Mines expects 43% earnings growth this year, supported by positive estimate revisions.
ATR and VICI also show annual growth rates above 4%, with both seeing improved earnings outlooks recently.
Earnings growth is essential for any organization, regardless of size, as profitability is vital for survival. To determine earnings, analyze a company’s revenues over a specific period and subtract the production costs. Additionally, earnings significantly influence share prices, with earnings expectations playing a major role.
On that note, Agnico Eagle Mines Limited (AEM - Free Report) , AptarGroup, Inc. (ATR - Free Report) , and VICI Properties Inc. (VICI - Free Report) are demonstrating impressive earnings growth.
Earnings Estimates & Share Price Movements
Frequently, we have seen a decline in stock prices despite earnings growth, followed by a rally in prices after an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates reflect analysts’ views on factors such as sales growth, product demand, the competitive industry environment, profit margins and cost control. Consequently, earnings estimates are a valuable tool for making investment decisions. They also assist analysts in evaluating cash flow to determine a firm's fair value.
Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with a history of earnings growth, and are seeing a rise in quarterly and annual earnings estimates.
Screening Measures Using Research Wizard:
To shortlist stocks that have striking earnings growth and positive estimate revisions, we have added the following parameters:
Zacks Rank less than or equal to 2 (Only Zacks' 'Buys' and 'Strong Buys' are allowed. With the Zacks Rank proving itself to be one of the best rating systems out there, this is a great way to start things off.)
5-Year Historical EPS Growth (%) greater than X-Industry (stocks with a strong EPS growth history).
% Change EPS F(0)/F(-1) greater than or equal to 5 (companies that saw year-over-year earnings growth of 5% or more in the last reported fiscal).
% Change Q1 Estimates over the last 4 weeks greater than zero (stocks that have seen their current quarter earnings estimates revised higher in the last 4 weeks).
% Change F1 Estimates over the last 1 week greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 1 week).
% Change F1 Estimates over the last 4 weeks greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 4 weeks).
The above criteria narrowed the universe of around 7,839 stocks to only four. Here are the top three stocks:
Agnico Eagle Mines
Agnico Eagle Mines, a gold mining company, explores and produces gold, silver, zinc and copper. The company’s expected earnings growth rate for the current year is 43%. AEM currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AptarGroup
AptarGroup creates various solutions for pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company’s expected earnings growth rate for the current year is 4.1%. ATR at present has a Zacks Rank #1.
VICI Properties
VICI Properties, an S&P 500 real estate investment trust, owns top gaming and entertainment destinations like Caesars Palace, MGM Grand and the Venetian Resort in Las Vegas. The company’s expected earnings growth rate for the current year is 4%. VICI presently has a Zacks Rank #2.
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.
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.
Image: Bigstock
Top 3 Earnings Growth Stocks for Investment
Key Takeaways
Earnings growth is essential for any organization, regardless of size, as profitability is vital for survival. To determine earnings, analyze a company’s revenues over a specific period and subtract the production costs. Additionally, earnings significantly influence share prices, with earnings expectations playing a major role.
On that note, Agnico Eagle Mines Limited (AEM - Free Report) , AptarGroup, Inc. (ATR - Free Report) , and VICI Properties Inc. (VICI - Free Report) are demonstrating impressive earnings growth.
Earnings Estimates & Share Price Movements
Frequently, we have seen a decline in stock prices despite earnings growth, followed by a rally in prices after an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates reflect analysts’ views on factors such as sales growth, product demand, the competitive industry environment, profit margins and cost control. Consequently, earnings estimates are a valuable tool for making investment decisions. They also assist analysts in evaluating cash flow to determine a firm's fair value.
Thus, investors should be on the lookout for stocks ready to make a big move. Hence, investors need to buy stocks with a history of earnings growth, and are seeing a rise in quarterly and annual earnings estimates.
Screening Measures Using Research Wizard:
To shortlist stocks that have striking earnings growth and positive estimate revisions, we have added the following parameters:
Zacks Rank less than or equal to 2 (Only Zacks' 'Buys' and 'Strong Buys' are allowed. With the Zacks Rank proving itself to be one of the best rating systems out there, this is a great way to start things off.)
5-Year Historical EPS Growth (%) greater than X-Industry (stocks with a strong EPS growth history).
% Change EPS F(0)/F(-1) greater than or equal to 5 (companies that saw year-over-year earnings growth of 5% or more in the last reported fiscal).
% Change Q1 Estimates over the last 4 weeks greater than zero (stocks that have seen their current quarter earnings estimates revised higher in the last 4 weeks).
% Change F1 Estimates over the last 1 week greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 1 week).
% Change F1 Estimates over the last 4 weeks greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 4 weeks).
The above criteria narrowed the universe of around 7,839 stocks to only four. Here are the top three stocks:
Agnico Eagle Mines
Agnico Eagle Mines, a gold mining company, explores and produces gold, silver, zinc and copper. The company’s expected earnings growth rate for the current year is 43%. AEM currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
AptarGroup
AptarGroup creates various solutions for pharmaceutical, beauty, personal care, home care, and food and beverage markets. The company’s expected earnings growth rate for the current year is 4.1%. ATR at present has a Zacks Rank #1.
VICI Properties
VICI Properties, an S&P 500 real estate investment trust, owns top gaming and entertainment destinations like Caesars Palace, MGM Grand and the Venetian Resort in Las Vegas. The company’s expected earnings growth rate for the current year is 4%. VICI presently has a Zacks Rank #2.
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.
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.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.