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Best Growth Stocks to Buy for August 12th
ZACKS· 2024-08-12 12:11
Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors to consider: Daktronics, Vertiv Holdings, and Royal Caribbean Cruises [1][2][3] Company Summaries - **Daktronics, Inc. (DAKT)**: - Zacks Rank: 1 - Current year earnings estimate increased by 34.5% over the last 60 days - PEG ratio: 0.41, compared to industry average of 0.42 - Growth Score: B [1] - **Vertiv Holdings Co (VRT)**: - Zacks Rank: 1 - Current year earnings estimate increased by 6.6% over the last 60 days - PEG ratio: 0.93, compared to industry average of 3.60 - Growth Score: A [2] - **Royal Caribbean Cruises Ltd. (RCL)**: - Zacks Rank: 1 - Current year earnings estimate increased by 3.6% over the last 60 days - PEG ratio: 0.44, compared to industry average of 1.81 - Growth Score: A [3]
DAKT or KLAC: Which Is the Better Value Stock Right Now?
ZACKS· 2024-08-07 16:40
Core Viewpoint - Daktronics (DAKT) is currently viewed as a more attractive investment option compared to KLA (KLAC) for value investors seeking undervalued stocks [1]. Group 1: Company Rankings and Performance - Daktronics has a Zacks Rank of 1 (Strong Buy), while KLA has a Zacks Rank of 2 (Buy) [3]. - DAKT has shown a stronger improvement in its earnings outlook compared to KLAC recently [3]. Group 2: Valuation Metrics - DAKT has a forward P/E ratio of 11.93, significantly lower than KLAC's forward P/E of 24.62 [5]. - The PEG ratio for DAKT is 0.40, indicating better value relative to its expected earnings growth compared to KLAC's PEG ratio of 1.42 [5]. - DAKT's P/B ratio stands at 2.61, while KLAC's P/B ratio is much higher at 28.63 [6]. - Based on these valuation metrics, DAKT holds a Value grade of A, whereas KLAC has a Value grade of D [6].
Is Daktronics (DAKT) Stock Outpacing Its Computer and Technology Peers This Year?
ZACKS· 2024-08-07 14:40
Core Viewpoint - Daktronics (DAKT) has significantly outperformed its peers in the Computer and Technology sector this year, with a year-to-date performance increase of approximately 59% compared to the sector's average gain of 12.5% [4]. Company Performance - Daktronics is currently ranked 1 (Strong Buy) in the Zacks Rank system, which indicates a favorable earnings outlook and positive analyst sentiment [3]. - Over the past three months, the Zacks Consensus Estimate for Daktronics' full-year earnings has increased by 34.5%, reflecting improved analyst sentiment [4]. - The stock has shown a year-to-date increase of about 59%, outperforming the average gain of 12.5% in the Computer and Technology sector [4]. Industry Context - Daktronics belongs to the Electronics - Miscellaneous Products industry, which consists of 36 companies and is currently ranked 84 in the Zacks Industry Rank [6]. - The average performance of stocks in the Electronics - Miscellaneous Products industry has been a gain of 5.1% this year, indicating that Daktronics is performing significantly better than its industry peers [6]. - In contrast, AppFolio (APPF), another outperforming stock in the Computer and Technology sector, is part of the Internet - Software industry, which has gained 5.9% year-to-date and is ranked 89 [5][7].
Best Growth Stocks to Buy for August 2nd
ZACKS· 2024-08-02 09:43
Group 1: Texas Roadhouse, Inc. (TXRH) - Texas Roadhouse has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 4.8% over the last 60 days [1] - The company has a PEG ratio of 1.57, which is lower than the industry average of 1.85, and possesses a Growth Score of B [1] Group 2: Daktronics, Inc. (DAKT) - Daktronics also holds a Zacks Rank of 1, suggesting robust growth prospects [2] - The Zacks Consensus Estimate for its current year earnings has seen a significant increase of 34.5% over the last 60 days [2] - The company has a PEG ratio of 0.44, compared to the industry average of 0.53, and has a Growth Score of B [2] Group 3: Twilio Inc. (TWLO) - Twilio carries a Zacks Rank of 1, reflecting strong growth characteristics [3] - The Zacks Consensus Estimate for its current year earnings has increased by 0.7% over the last 60 days [3] - The company has a PEG ratio of 0.58, which is lower than the industry average of 1.03, and possesses a Growth Score of A [3]
Are Investors Undervaluing Daktronics (DAKT) Right Now?
ZACKS· 2024-07-29 14:45
Core Viewpoint - Daktronics (DAKT) is currently viewed as a strong value investment opportunity, supported by favorable valuation metrics and a positive earnings outlook [2][7]. Valuation Metrics - DAKT has a P/E ratio of 12.91, significantly lower than the industry average of 21.75, indicating potential undervaluation [2]. - The company's P/CF ratio stands at 12.79, compared to the industry's average of 20.47, suggesting a solid cash flow outlook [3]. - DAKT's P/B ratio is 2.85, which is lower than the industry average of 3.89, further supporting the notion of undervaluation [6]. - The P/S ratio for DAKT is 0.86, compared to the industry's average of 0.99, reinforcing its attractiveness as a value stock [8]. Earnings Outlook - The Zacks Rank system, which focuses on earnings estimates and revisions, ranks DAKT as 1 (Strong Buy), indicating strong earnings potential [4]. - The stock's Forward P/E has fluctuated between 8.60 and 15.80 over the past year, with a median of 12.74, reflecting a favorable earnings outlook [2]. Investment Strategy - The Zacks Style Scores system identifies stocks with specific traits, and DAKT has received an "A" grade in the Value category, making it one of the strongest value stocks currently available [5].
Best Growth Stocks to Buy for July 24th
ZACKS· 2024-07-24 11:25
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, July 24th: Eldorado Gold has a PEG ratio of 0.27 compared with 0.35 for the industry. The company possesses a Growth Score of B. Daktronics has a PEG ratio of 0.43 compared with 0.54 for the industry. The company possesses a Growth Score of B. Royal Caribbean has a PEG ratio of 0.51 compared with 1.04 for the industry. The company possesses a Growth Score of A. Learn more about the Growth score and how it ...
DAKT or TRMB: Which Is the Better Value Stock Right Now?
ZACKS· 2024-07-22 16:46
Core Insights - Investors in the Electronics - Miscellaneous Products sector should consider Daktronics (DAKT) and Trimble Navigation (TRMB) for potential value opportunities [1] Valuation Metrics - DAKT has a P/B ratio of 2.74, while TRMB has a P/B ratio of 3.14, indicating that DAKT may be undervalued compared to TRMB [3] - DAKT's forward P/E ratio is 12.52, significantly lower than TRMB's forward P/E of 20.67, suggesting DAKT is more attractively priced [7] - DAKT has a PEG ratio of 0.42, while TRMB's PEG ratio is 2.07, further indicating DAKT's potential for better value [7] Zacks Rank and Style Scores - DAKT holds a Zacks Rank of 1 (Strong Buy), while TRMB has a Zacks Rank of 2 (Buy), reflecting a more favorable earnings estimate revision trend for DAKT [5] - In the Value category, DAKT has a Value grade of A, whereas TRMB has a Value grade of D, highlighting DAKT's superior valuation metrics [8]
Best Growth Stocks to Buy for July 22nd
ZACKS· 2024-07-22 11:46
Group 1: Eldorado Gold Corporation (EGO) - Eldorado Gold Corporation is a mining and exploration company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 3.7% over the last 60 days [1] - The company has a PEG ratio of 0.29, which is lower than the industry average of 0.33 [1] - Eldorado Gold possesses a Growth Score of A [1] Group 2: Daktronics, Inc. (DAKT) - Daktronics, Inc. is an electronic display systems company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 34.5% over the last 60 days [2] - The company has a PEG ratio of 0.42, compared to the industry average of 0.54 [2] - Daktronics possesses a Growth Score of A [2] Group 3: Royal Caribbean Cruises Ltd. (RCL) - Royal Caribbean Cruises Ltd. is a cruise-line company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 1.6% over the last 60 days [3] - The company has a PEG ratio of 0.50, which is lower than the industry average of 0.99 [3] - Royal Caribbean possesses a Growth Score of A [3]
Here's Why Daktronics (DAKT) is a Great Momentum Stock to Buy
ZACKS· 2024-07-17 17:00
Core Viewpoint - Daktronics (DAKT) is currently exhibiting strong momentum, with a Momentum Style Score of A, indicating potential for further price appreciation in the near term [2][6]. Group 1: Stock Performance - DAKT shares have increased by 6.51% over the past week, outperforming the Zacks Electronics - Miscellaneous Products industry, which rose by 2.17% during the same period [4]. - Over the last three months, DAKT shares have surged by 63.08%, and over the past year, they have gained 129.54%, significantly outperforming the S&P 500, which increased by 12.57% and 27.34% respectively [13]. Group 2: Earnings Estimates - In the past 60 days, DAKT's consensus earnings estimate has risen from $0.84 to $1.13, with one estimate moving higher and none lower for the full year [14]. - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [14]. Group 3: Trading Volume - DAKT's average 20-day trading volume is 818,267 shares, which serves as a useful baseline for assessing price movements [1].
Bull Of The Day: Daktronics (DAKT)
ZACKS· 2024-07-15 12:11
Company Overview - Daktronics, Inc. designs and manufactures electronic scoreboards, programmable display systems, and large screen video displays for various applications including sporting, commercial, and transportation [1] - The company operates through segments such as Commercial, Live Events, High School Park and Recreation, Transportation, and International [1] - Founded in 1968, Daktronics is headquartered in Brookings, SD [1] Earnings Performance - The most recent quarter saw a significant earnings surprise with EPS of 27 cents compared to an estimate of 14 cents, resulting in a 92% positive earnings surprise [12] - Earnings estimates for the next quarter have increased from 22 cents to 30 cents [10] - Full fiscal year earnings estimates have moved up from $0.84 to $1.13 [5] - Next year's earnings estimates have also increased from $0.92 to $1.17 [14] Growth Projections - The company is expected to see a growth of 2.6% this year, accelerating to 4.45% next year [6] - The most recent quarter reported topline growth of 2.87% [11] Valuation Metrics - The price to book ratio stands at 2.6x, while the price to sales ratio is at 0.77x [7] - The forward earnings multiple is currently at 12x, which is typical for a company in this sector [11] Market Position - Daktronics holds a Zacks Rank of 1 (Strong Buy) with an A for Value and a B for Growth, indicating a strong market position [13] - The company is recognized as a leader in the market for electronic scoreboards and large screen video displays, which are becoming increasingly popular in various settings [13]