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Zacks.com featured highlights include Meta Platforms, Deckers Outdoor, Perion Network and Carlisle
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For Immediate Release
Chicago, IL – March 12, 2024 – Stocks in this week’s article are Meta Platforms, Inc (META - Free Report) , Deckers Outdoor Corp. (DECK - Free Report) , Perion Network (PERI - Free Report) and Carlisle Companies Inc.(CSL - Free Report) .
Add These 4 Top-Ranked Liquid Stocks to Strengthen Your Portfolio
Identifying stocks that offer healthy returns may be tricky for investors. In such a scenario, one may consider liquidity levels, which are a good indicator of a company's financial health.
Liquidity measures a company's ability to meet short-term debt obligations by converting assets into liquid cash and equivalents. These stocks have always been on investors' radar owing to their potential to offer alluring returns.
Nonetheless, one should be careful about investing in a stock with a high liquidity level, as it may also suggest that the company cannot utilize assets effectively. It is advisable to consider a company's efficiency level and liquidity to identify potential winners.
Measures to Identify Liquid Stocks
Current Ratio: It measures current assets relative to current liabilities. The ratio gauges a company's potential to meet short- and long-term debt obligations. A current ratio — the working capital ratio — below 1 indicates that the company has more liabilities than assets. However, a high current ratio does not always suggest that the company is in good financial shape. It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal.
Quick Ratio: Unlike the current ratio, the quick ratio — the 'acid-test ratio' or 'quick assets ratio' — indicates a company's ability to pay short-term obligations. It considers inventory, excluding current assets relative to current liabilities. A quick ratio of more than 1 is desirable, like the current ratio.
Cash Ratio: This is the most conservative ratio among the three, considering cash and cash equivalents and invested funds relative to current liabilities. It measures a company's ability to meet existing debt obligations using the most liquid assets. Though a cash ratio of more than 1 may suggest sound financials, a higher number may indicate inefficiency in cash utilization.
A ratio greater than 1 is always desirable but may not always represent a company's financial condition.
Here are four stocks out of the 13 that qualified for the screen:
Meta Platforms, Inc is the world's biggest social media platform. The company is gaining from steady user growth across all regions, particularly Asia Pacific. Increasing engagement on its other platforms, such as Instagram, WhatsApp, Messenger and Facebook, has been a major growth catalyst. META is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook.
Its innovative portfolio, which includes Threads, Reels, Llama 2, Ray-Ban Meta smart glass and mixed reality device Quest 3, is likely to aid prospects. Challenging macroeconomic conditions are a persistent concern for Meta's advertising revenues. The Zacks Consensus Estimate for 2024 earnings is pegged at $19.94 per share, up 13.2% in the past 60 days. META has a Growth Score of B and a trailing four-quarter earnings surprise of 19.7%, on average.
Deckers Outdoor Corp. is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra). Strength in the UGG and HOKA brands is driving top-line performance.
Key strategic initiatives, including product innovation and brand assortment expansion, coupled with a robust focus on direct-to-consumer channels, are propelling its growth trajectory. Successful international market penetration and a strong wholesale segment contribute to its market diversification. Proactive consumer engagement strategies and omni-channel distribution bolster its competitive edge.
The Zacks Consensus Estimate for its fiscal 2024 bottom line is pegged at $26.85 per share, up 13.7% in the past 60 days. DECK has a Growth Score of A and a trailing four-quarter earnings surprise of 32.1%, on average.
Perion Network is an Israel-based technology company that offers brands and publishers online advertising and search monetization solutions. The company is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. The Zacks Consensus Estimate for its 2024 earnings is pegged at $3.34 per share, up 2 cents in the past 60 days. The company has a Growth Score of B and a trailing four-quarter earnings surprise of 12.9%, on average.
Carlisle Companies Inc. is a diversified, global portfolio of niche brands and businesses with highly engineered and high-margin products. It engages in the design, manufacture and sale of a wide range of roofing and waterproofing products, engineered products and finishing equipment. The company is set to benefit from its focus on delivering innovative new products. Its diversified business structure enables it to tap opportunities and neutralize operating risks associated with a single market.
Robust repair and remodel demand across the building envelope in commercial and residential markets augurs well for the CWT segment. Synergies from several buyouts are likely to drive top-line growth. Its shareholder-friendly policies are encouraging. The Zacks Consensus Estimate for its 2024 earnings is pegged at $18.44 per share, improved by 8.2% in the past 60 days. The company has a Growth Score of B and a trailing four-quarter earnings surprise of 7.6%, on average.
Get the remaining stocks on the list and start testing this and other ideas. It can all be done with the Research Wizard stock picking and back-testing software.
The Research Wizard is a great place to begin and 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.
About Screen of the Week
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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/performancefor information about the performance numbers displayed in this press release.
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Zacks.com featured highlights include Meta Platforms, Deckers Outdoor, Perion Network and Carlisle
For Immediate Release
Chicago, IL – March 12, 2024 – Stocks in this week’s article are Meta Platforms, Inc (META - Free Report) , Deckers Outdoor Corp. (DECK - Free Report) , Perion Network (PERI - Free Report) and Carlisle Companies Inc.(CSL - Free Report) .
Add These 4 Top-Ranked Liquid Stocks to Strengthen Your Portfolio
Identifying stocks that offer healthy returns may be tricky for investors. In such a scenario, one may consider liquidity levels, which are a good indicator of a company's financial health.
Liquidity measures a company's ability to meet short-term debt obligations by converting assets into liquid cash and equivalents. These stocks have always been on investors' radar owing to their potential to offer alluring returns.
Nonetheless, one should be careful about investing in a stock with a high liquidity level, as it may also suggest that the company cannot utilize assets effectively. It is advisable to consider a company's efficiency level and liquidity to identify potential winners.
Measures to Identify Liquid Stocks
Current Ratio: It measures current assets relative to current liabilities. The ratio gauges a company's potential to meet short- and long-term debt obligations. A current ratio — the working capital ratio — below 1 indicates that the company has more liabilities than assets. However, a high current ratio does not always suggest that the company is in good financial shape. It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal.
Quick Ratio: Unlike the current ratio, the quick ratio — the 'acid-test ratio' or 'quick assets ratio' — indicates a company's ability to pay short-term obligations. It considers inventory, excluding current assets relative to current liabilities. A quick ratio of more than 1 is desirable, like the current ratio.
Cash Ratio: This is the most conservative ratio among the three, considering cash and cash equivalents and invested funds relative to current liabilities. It measures a company's ability to meet existing debt obligations using the most liquid assets. Though a cash ratio of more than 1 may suggest sound financials, a higher number may indicate inefficiency in cash utilization.
A ratio greater than 1 is always desirable but may not always represent a company's financial condition.
Here are four stocks out of the 13 that qualified for the screen:
Meta Platforms, Inc is the world's biggest social media platform. The company is gaining from steady user growth across all regions, particularly Asia Pacific. Increasing engagement on its other platforms, such as Instagram, WhatsApp, Messenger and Facebook, has been a major growth catalyst. META is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook.
Its innovative portfolio, which includes Threads, Reels, Llama 2, Ray-Ban Meta smart glass and mixed reality device Quest 3, is likely to aid prospects. Challenging macroeconomic conditions are a persistent concern for Meta's advertising revenues. The Zacks Consensus Estimate for 2024 earnings is pegged at $19.94 per share, up 13.2% in the past 60 days. META has a Growth Score of B and a trailing four-quarter earnings surprise of 19.7%, on average.
Deckers Outdoor Corp. is a leading designer, producer and brand manager of innovative, niche footwear and accessories developed for outdoor sports and other lifestyle-related activities. The company sells products primarily under five proprietary brands — UGG, HOKA, Teva, Sanuk and Other brands (mainly comprising Koolaburra). Strength in the UGG and HOKA brands is driving top-line performance.
Key strategic initiatives, including product innovation and brand assortment expansion, coupled with a robust focus on direct-to-consumer channels, are propelling its growth trajectory. Successful international market penetration and a strong wholesale segment contribute to its market diversification. Proactive consumer engagement strategies and omni-channel distribution bolster its competitive edge.
The Zacks Consensus Estimate for its fiscal 2024 bottom line is pegged at $26.85 per share, up 13.7% in the past 60 days. DECK has a Growth Score of A and a trailing four-quarter earnings surprise of 32.1%, on average.
Perion Network is an Israel-based technology company that offers brands and publishers online advertising and search monetization solutions. The company is committed to providing data-driven execution, from high-impact ad formats to branded search and a unified social and mobile programmatic platform. The Zacks Consensus Estimate for its 2024 earnings is pegged at $3.34 per share, up 2 cents in the past 60 days. The company has a Growth Score of B and a trailing four-quarter earnings surprise of 12.9%, on average.
Carlisle Companies Inc. is a diversified, global portfolio of niche brands and businesses with highly engineered and high-margin products. It engages in the design, manufacture and sale of a wide range of roofing and waterproofing products, engineered products and finishing equipment. The company is set to benefit from its focus on delivering innovative new products. Its diversified business structure enables it to tap opportunities and neutralize operating risks associated with a single market.
Robust repair and remodel demand across the building envelope in commercial and residential markets augurs well for the CWT segment. Synergies from several buyouts are likely to drive top-line growth. Its shareholder-friendly policies are encouraging. The Zacks Consensus Estimate for its 2024 earnings is pegged at $18.44 per share, improved by 8.2% in the past 60 days. The company has a Growth Score of B and a trailing four-quarter earnings surprise of 7.6%, on average.
Get the remaining stocks on the list and start testing this and other ideas. It can all be done with the Research Wizard stock picking and back-testing software.
The Research Wizard is a great place to begin and 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 of 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/2238653/add-these-4-top-ranked-liquid-stocks-to-strengthen-portfolio
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
Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.
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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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Company: Zacks.com
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Email: pr@zacks.com
Visit: https://www.zacks.com/
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/performancefor information about the performance numbers displayed in this press release.