For immediate release
Chicago, IL – January 24, 2023 – The stocks in this week’s article are bluebird bio BLUE, Pros Holdings PRO and Norwegian Cruise Line NCLH.
3 stocks to keep an eye on for excellent earnings acceleration
Relentless earnings growth captivates nearly everyone in the investment world, from top brass to research analysts. This is because earnings are a measure of the money a company is making. Still, earnings acceleration works best when it comes to boosting the stock price. Studies have shown that the most successful stocks saw an acceleration in earnings before a rise in the stock price.
Earnings acceleration is the incremental growth in a company’s earnings per share (EPS). In other words, if a company’s quarter-to-quarter earnings growth rate increases within a stipulated period of time, it can be called earnings acceleration.
In the case of earnings growth, you pay for something that is already reflected in the share price. But accelerating earnings helps identify stocks that haven’t caught investors’ attention yet. Once secured, it will invariably lead to a rise in the stock price. This is because accelerating earnings 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 amount of time. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or a slowdown, while a slowing percentage of earnings growth can sometimes send prices down.
The above criteria narrowed the universe down from around 7,735 stocks to just 17. Here are three stocks out of the 17 to keep an eye on:
bluebird biography is focused on the development of gene therapies for serious genetic diseases and cancer. BLUE currently has a Zacks Rank #3 (Hold). BLUE’s expected earnings growth rate for the current year is 44.5%. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Pros Holdings, the world leader in pricing and revenue optimization software, today announced that underwriters of its initial public offering have fully exercised their overallotment option. The PRO currently has a Zacks Rank #3. PRO’s expected earnings growth rate for the current year is 15.2%.
Norwegian Cruise Line is a leading cruise line operator. It owns and operates three brands – Oceania Cruises, Regent Seven Seas Cruises and Norwegian Cruise Line. Currently, NCLH has a Zacks Rank #3. NCLH’s expected earnings growth rate for the current year is nearly 45%.
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For the remainder of this Screen of the Week article, visit Zacks.com at: https://www.zacks.com/stock/news/2042456/3-stocks-to-keep-an-eye-on-for-superb-earnings-acceleration
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Norwegian Cruise Line Holdings Ltd. (NCLH): Free Inventory Analysis Report
PROS Holdings, Inc. (PRO): Free stock analysis report
bluebird bio, inc. (BLUE): Free Inventory Analysis Report
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