For Immediate Release
Chicago, IL – May 3, 2022 – Stocks in this week’s article Helmerich & Payne HP, Vaalco Energy EGY and Diamondback Energy FANG.
3 of the Best Stocks to Invest In for Solid Earnings Acceleration
Research has shown that a majority of successful stocks had seen an acceleration in earnings before an uptick in the stock price. 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. In other words, earnings acceleration is the incremental growth in a company's earnings per share (EPS).
In the case of earnings growth, you pay for something already reflected in the stock price. But earnings acceleration helps spot stocks that haven't caught the attention of investors yet, which, 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 of time. 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.
Here are the three stocks that stand out:
Helmerich & Payne is engaged in the contract drilling of oil and gas wells in the U.S. and internationally. The company has a Zacks Rank #2 (Buy). The company's expected earnings growth rate for the current year is 68.5%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Vaalco Energy is an independent energy company principally engaged in the acquisition, exploration, development and production of crude oil and natural gas. The company has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 54%.
Diamondback Energy is an independent oil and gas exploration & production company. The company has a Zacks Rank #1. The company's expected earnings growth rate for the current year is 115.6%.
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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/1913142/3-of-the-best-stocks-to-invest-in-for-solid-earnings-acceleration
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Helmerich & Payne, Inc. (HP) : Free Stock Analysis Report
Vaalco Energy Inc (EGY) : Free Stock Analysis Report
Diamondback Energy, Inc. (FANG) : Free Stock Analysis Report
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