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5 Stocks to Buy for Remarkable Earnings Acceleration
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.
Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price. 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 and, once secured, 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 at times drag prices down.
The above criteria narrowed the universe of around 7,735 stocks to only seven. Here are the top five stocks:
American Public Education is an online and campus-based postsecondary education provider. American Public Education currently has a Zacks Rank #2. APEI’s expected earnings growth rate for the current year is 43.4%.
Aspen Aerogels is an energy technology company. Aspen Aerogels currently has a Zacks Rank #2. ASPN’s expected earnings growth rate for the current year is 61.4%.
Cerence provides AI-powered assistants and innovations for connected and autonomous vehicles. Cerence currently has a Zacks Rank #2. CRNC’s expected earnings growth rate for the current year is 300%.
Pinterest provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their tastes and interests. Pinterest currently has a Zacks Rank #2. PINS’ expected earnings growth rate for the current year is 72.6%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your 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.
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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.
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 Freshpet, American Public Education, Aspen Aerogels, Cerence and Pinterest
For Immediate Release
Chicago, IL – December 7, 2023 – Stocks in this week’s article are Freshpet (FRPT - Free Report) , American Public Education (APEI - Free Report) , Aspen Aerogels (ASPN - Free Report) , Cerence (CRNC - Free Report) and Pinterest (PINS - Free Report) .
5 Stocks to Buy for Remarkable Earnings Acceleration
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.
Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in the stock price. 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 and, once secured, 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 at times drag prices down.
The above criteria narrowed the universe of around 7,735 stocks to only seven. Here are the top five stocks:
Freshpet is a pet food company. Freshpet currently has a Zacks Rank #2 (Buy). FRPT’s expected earnings growth rate for the current year is 27.1%. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
American Public Education is an online and campus-based postsecondary education provider. American Public Education currently has a Zacks Rank #2. APEI’s expected earnings growth rate for the current year is 43.4%.
Aspen Aerogels is an energy technology company. Aspen Aerogels currently has a Zacks Rank #2. ASPN’s expected earnings growth rate for the current year is 61.4%.
Cerence provides AI-powered assistants and innovations for connected and autonomous vehicles. Cerence currently has a Zacks Rank #2. CRNC’s expected earnings growth rate for the current year is 300%.
Pinterest provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their tastes and interests. Pinterest currently has a Zacks Rank #2. PINS’ expected earnings growth rate for the current year is 72.6%.
You can sign up now for your 2-week free trial to the Research Wizard and start using this screen in your 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.
For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2193986/5-stocks-to-buy-for-remarkable-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.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
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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.
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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.