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Zacks Investment Ideas feature highlights: Builders FirstSource, Live Nation Entertainment and Domino's
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For Immediate Release
Chicago, IL – August 11, 2023 – Today, Zacks Investment Ideas feature highlights Builders FirstSource (BLDR - Free Report) , Live Nation Entertainment (LYV - Free Report) and Domino’s Pizza (DPZ - Free Report) .
These 3 Stocks Have +15% Annual Returns Over the Last Decade
Investors are always looking to beat the market, searching for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have exceeded the S&P 500’s impressive 250% gain over the last decade.
Three stocks – Builders FirstSource, Live Nation Entertainment and Domino’s Pizza – have all outperformed the S&P 500 over the last decade, all posting at least a 15% annualized return.
On top of market-beating returns, all three currently sport a favorable Zacks Rank, reflecting optimism among analysts. Let’s take a closer look at each.
Domino’s Pizza
Analysts have become bullish on Domino’s Pizza’s outlook, helping land the stock into a Zacks Rank #1 (Strong Buy). Impressively DPZ shares have delivered an annualized return of nearly 22% over the last decade vs. the S&P 500’s 13.3%.
Income-focused investors will undoubtedly appreciate DPZ’s shareholder-friendly nature; DPZ shares currently yield 1.2% annually, with the payout growing by nearly 20% annualized over the last five years.
The company is expected to witness solid growth, with earnings forecasted to climb 10% in its current year and an additional 15% in FY24. DPZ shares trade at a high multiple but aren’t as expensive on a relative basis, with the current 28.9X forward earnings multiple below the ten-year median of 30.5X and highs of 33.1X in 2022.
Live Nation Entertainment
Live Nation Entertainment, a current Zacks Rank #1 (Strong Buy), has enjoyed positive earnings estimate revisions across nearly all timeframes, with the trend particularly noteworthy for its current fiscal year. LYV shares have provided an annualized return of roughly 18% over the last ten years.
The company’s revenue has recovered nicely from pandemic lows and has seen a recent acceleration, as shown below. Live Nation Entertainment reported $5.6 billion in sales in its latest quarterly release, improving 27% from the year-ago period.
And the growth is slated to continue, with earnings forecasted to climb 35% in its current year on 20% higher sales. Looking ahead to FY24, expectations allude to a further 90% jump in earnings paired with a 7% revenue increase.
Builders FirstSource
Builders FirstSource, a Zacks Rank #1 (Strong Buy), has seen its earnings outlook skyrocket positively, with analysts increasing their expectations sizably over the last several months. Undoubtedly the most impressive of the bunch, BLDR shares have delivered a nearly 40% annualized return over the last decade.
The company’s shares have been consistently lifted by better-than-expected results in 2023. Just in its latest release, BLDR exceeded the Zacks Consensus EPS Estimate by more than 40% and reported sales 6.6% ahead of expectations.
Bottom Line
Not all high-flying stocks come from the Technology sector, with many widely outperforming the general market over the last decade.
And that’s precisely the case for the companies above, with all three delivering annualized returns in excess of 15% over the last decade.
In addition, all three have enjoyed positive earnings estimate revisions, reflecting optimism among analysts and providing fuel for shares to continue climbing.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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 Investment Ideas feature highlights: Builders FirstSource, Live Nation Entertainment and Domino's
For Immediate Release
Chicago, IL – August 11, 2023 – Today, Zacks Investment Ideas feature highlights Builders FirstSource (BLDR - Free Report) , Live Nation Entertainment (LYV - Free Report) and Domino’s Pizza (DPZ - Free Report) .
These 3 Stocks Have +15% Annual Returns Over the Last Decade
Investors are always looking to beat the market, searching for stocks that deliver consistent long-term gains. And perhaps to the surprise of some, many non-tech stocks have exceeded the S&P 500’s impressive 250% gain over the last decade.
Three stocks – Builders FirstSource, Live Nation Entertainment and Domino’s Pizza – have all outperformed the S&P 500 over the last decade, all posting at least a 15% annualized return.
On top of market-beating returns, all three currently sport a favorable Zacks Rank, reflecting optimism among analysts. Let’s take a closer look at each.
Domino’s Pizza
Analysts have become bullish on Domino’s Pizza’s outlook, helping land the stock into a Zacks Rank #1 (Strong Buy). Impressively DPZ shares have delivered an annualized return of nearly 22% over the last decade vs. the S&P 500’s 13.3%.
Income-focused investors will undoubtedly appreciate DPZ’s shareholder-friendly nature; DPZ shares currently yield 1.2% annually, with the payout growing by nearly 20% annualized over the last five years.
The company is expected to witness solid growth, with earnings forecasted to climb 10% in its current year and an additional 15% in FY24. DPZ shares trade at a high multiple but aren’t as expensive on a relative basis, with the current 28.9X forward earnings multiple below the ten-year median of 30.5X and highs of 33.1X in 2022.
Live Nation Entertainment
Live Nation Entertainment, a current Zacks Rank #1 (Strong Buy), has enjoyed positive earnings estimate revisions across nearly all timeframes, with the trend particularly noteworthy for its current fiscal year. LYV shares have provided an annualized return of roughly 18% over the last ten years.
The company’s revenue has recovered nicely from pandemic lows and has seen a recent acceleration, as shown below. Live Nation Entertainment reported $5.6 billion in sales in its latest quarterly release, improving 27% from the year-ago period.
And the growth is slated to continue, with earnings forecasted to climb 35% in its current year on 20% higher sales. Looking ahead to FY24, expectations allude to a further 90% jump in earnings paired with a 7% revenue increase.
Builders FirstSource
Builders FirstSource, a Zacks Rank #1 (Strong Buy), has seen its earnings outlook skyrocket positively, with analysts increasing their expectations sizably over the last several months. Undoubtedly the most impressive of the bunch, BLDR shares have delivered a nearly 40% annualized return over the last decade.
The company’s shares have been consistently lifted by better-than-expected results in 2023. Just in its latest release, BLDR exceeded the Zacks Consensus EPS Estimate by more than 40% and reported sales 6.6% ahead of expectations.
Bottom Line
Not all high-flying stocks come from the Technology sector, with many widely outperforming the general market over the last decade.
And that’s precisely the case for the companies above, with all three delivering annualized returns in excess of 15% over the last decade.
In addition, all three have enjoyed positive earnings estimate revisions, reflecting optimism among analysts and providing fuel for shares to continue climbing.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.