Yahoo Finance Zacks.com featured highlights BellRing Brands, ResMed, NVIDIA and Transdigm
For Immediate Release
Chicago, IL – May 15, 2024 – Stocks in this week’s article are BellRing Brands BRBR, ResMed RMD, NVIDIA NVDA and Transdigm Group TDG.
4 Top Stocks to Invest In for Astounding Earnings Growth
Earnings growth is the highest priority for any start-up or a renowned company. This is because a company won't last long if it doesn’t make money.
So, what is earnings growth? Study a company’s revenues over a given period, subtract the production cost, and you have earnings. By the way, this is also considered the most important variable influencing share price. But, expectations of earnings play a noteworthy role.
Earnings Estimates & Share Price Movements
Frequently, we have seen a decline in the stock price despite earnings growth and a rally in price following an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates embody analysts’ opinions on factors such as sales growth, product demand, competitive industry environment, profit margins, and cost control. Thus, earnings estimates serve as a valuable tool, while making investment decisions. Earnings estimates also help analysts assess the cash flow to determine the fair value of a firm.
Thus, investors should look for stocks ready to make a big move. Hence, investors need to buy stocks with historical earnings growth and are seeing a rise in quarterly and annual earnings estimates.
The above criteria narrowed the universe of around 7,839 stocks to only 21. Here are the top four stocks that stand out:
BellRing Brands manufactures and sells nutrition products. The company has a Zacks Rank #1 (Strong Buy). BRBR’s expected earnings growth rate for the current year is 34.9%. You can see the complete list of today’s Zacks #1 Rank stocks here.
ResMed holds a major position worldwide as a designer, manufacturer and distributor of generators, masks and related accessories. The company has a Zacks Rank #1. RMD’s expected earnings growth rate for the current year is 17.9%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. The company has a Zacks Rank #2 (Buy). NVDA’s expected earnings growth rate for the current year is 84.7%.
Transdigm Group is a leading global designer, producer and supplier of highly engineered aerospace components used in commercial and military aircraft. The company has a Zacks Rank #2. TDG’s expected earnings growth rate for the current year is 21.7%.
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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
ResMed Inc. (RMD) : Free Stock Analysis Report
Transdigm Group Incorporated (TDG) : Free Stock Analysis Report
BellRing Brands Inc. (BRBR) : Free Stock Analysis Report
