Zacks.com featured highlights Energy Transfer, Transportadora de Gas, Brookfield Infrastructure, First Horizon and Empire State Realty Trust
For Immediate Release
Chicago, IL – March 5, 2024 – Stocks in this week’s article are Energy Transfer LP ET, Transportadora de Gas del Sur S.A. TGS, Brookfield Infrastructure Partners L.P. BIP, First Horizon Corp. FHN and Empire State Realty Trust, Inc. ESRT.
Tap These 5 Bargain Stocks with Impressive EV to EBITDA Ratios
Investors are typically fixated on the price-to-earnings (P/E) strategy while seeking stocks trading at attractive prices. This straightforward, easy-to-calculate ratio is the most preferred among all the valuation metrics in the investment toolkit for working out the fair market value of a stock. But even this ubiquitously used valuation metric is not without its pitfalls.
While P/E enjoys great popularity among value investors, a less-used and more complicated metric called EV-to-EBITDA is sometimes viewed as a better alternative. EV-to-EBITDA gives the true picture of a company’s valuation and earnings potential. It has a more comprehensive approach to valuation.
Energy Transfer LP, Transportadora de Gas del Sur S.A., Brookfield Infrastructure Partners L.P., First Horizon Corp. and Empire State Realty Trust, Inc. are some stocks with attractive EV-to-EBITDA ratios.
Here are our five picks out of the 12 stocks that passed the screen:
Energy Transfer owns and operates one of the biggest portfolios of energy assets in the United States. This Zacks Rank #1 stock has a Value Score of A.
Energy Transfer has an expected year-over-year earnings growth rate of 32.1% for 2024. The Zacks Consensus Estimate for ET’s 2024 earnings has been revised 24.1% upward over the last 60 days.
Transportadorais a leader in the transportation of natural gas in Argentina. This Zacks Rank #1 stock has a Value Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Transportadora has an expected year-over-year earnings growth rate of 83.3% for 2024. The Zacks Consensus Estimate for TGS’s 2024 earnings has been revised 8.8% upward over the last 60 days.
Brookfield Infrastructure owns and operates high-quality, long-life assets in the utilities, transport, midstream and data businesses in North and South America, Asia Pacific and Europe. This Zacks Rank #2 stock has a Value Score of A.
Brookfield Infrastructure has an expected year-over-year earnings growth rate of 12.5% for 2024. The Zacks Consensus Estimate for BIP’s 2024 earnings has been revised 0.6% upward over the last 60 days.
First Horizon provides diversified financial services, mainly via its principal subsidiary First Horizon Bank. This Zacks Rank #2 stock has a Value Score of B.
The consensus estimate for First Horizon’s 2024 earnings has been revised 4.4% upward over the last 60 days. FHN beat the Zacks Consensus Estimate for earnings in three of the last four quarters while matching the same on the other occasion. It has a trailing four-quarter earnings surprise of around 3.5%, on average.
Empire State Realty Trust is a leading real estate investment trust. This Zacks Rank #2 stock has a Value Score of B.
Empire State Realty Trust has an expected year-over-year earnings growth rate of 1.1% for 2024. The Zacks Consensus Estimate for ESRT’s 2024 earnings has been revised 3.3% upward over the last 60 days.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own 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/2235093/tap-these-5-bargain-stocks-with-impressive-ev-to-ebitda-ratio
Follow us on Twitter: https://www.twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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.
Contact: Jim Giaquinto
Company: Zacks.com
Phone: 312-265-9268
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/performance for information about the performance numbers displayed in this press release.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brookfield Infrastructure Partners LP (BIP) : Free Stock Analysis Report
First Horizon Corporation (FHN) : Free Stock Analysis Report
Energy Transfer LP (ET) : Free Stock Analysis Report
Transportadora De Gas Sa Ord B (TGS) : Free Stock Analysis Report
Empire State Realty Trust, Inc. (ESRT) : Free Stock Analysis Report
