3 Cheap Stocks to Buy for Growth & Value

Core Viewpoint - The article highlights several stocks that are considered bargains, particularly those on the Zacks Rank 1 (Strong Buy) list, indicating attractive growth and valuations that suggest their stocks are undervalued [1][5][15]. Company Summaries Steelcase - Steelcase's stock is trading at $13 with a forward earnings multiple of 13.2X, which is appealing given that annual earnings are expected to increase by 7% this year and forecasted to jump by 19% in FY25 to $1.19 per share [2][12]. - Total sales for Steelcase are projected to expand by 3% in FY24 and FY25, with expectations of exceeding $3 billion [13]. Geopark - Geopark is an oil and gas explorer and operator in South America, with a strong growth outlook. The stock is currently priced at $11, having increased by 25% year-to-date, and trades at a forward earnings multiple of 3.3X [16]. - Earnings per share (EPS) for FY24 is projected to expand by 51% to $3.23, compared to $2.14 last year, with an additional 23% increase expected in FY25 [16]. - Geopark offers a 5.47% annual dividend yield, significantly higher than the Zacks industry average of 2.17% and the S&P 500's 1.28%. The company has increased its dividend 10 times in the last five years, with an annualized growth rate of 60.48% [7][11]. MINISO Group - MINISO Group, a retailer of design-led lifestyle products in China, has its stock trading at $20 and holds a "B" Style Scores grade for both Growth and Value [14]. - Annual earnings are expected to soar by 59% in FY24 to $1.24 per share, with projections of a further 25% increase to $1.56 per share in FY25 [14]. - Total sales for MINISO are projected to increase by 25% in FY24 and by another 21% in FY25, reaching $2.94 billion [14].