Ardmore Shipping(ASC) ZACKS·2024-07-24 12:55Core Viewpoint - The focus on cash flow efficiency is crucial for selecting stocks, especially in uncertain economic conditions, as it reflects a company's true financial health and ability to sustain operations and growth [1][2]. Group 1: Importance of Cash Flow - Companies with positive cash flow can meet debt obligations, cover expenses, reinvest, endure downturns, and return wealth to shareholders, while negative cash flow indicates declining liquidity and reduced operational flexibility [2][3]. - Increasing cash flow is essential for future growth, demonstrating management's efficiency in cash regulation and reducing reliance on external financing [3]. Group 2: Screening Parameters - Stocks were screened for those whose latest quarter cash flow was at least equal to or greater than the 5-year average cash flow per common share, indicating a positive trend [4]. - Additional criteria included Zacks Rank 1 (Strong Buy), average broker rating of 1, current price greater than or equal to 3.29, reflecting a 1.2% increase over the past week and a VGM Score of A [5]. - TXO Partners, L.P. (TXO) has seen a 27.3% upward revision in its 2024 earnings per share estimate to 3.23, indicating a 50.9% year-over-year growth, with a VGM Score of A [6]. - biote Corp. has a revised 2024 earnings estimate of 27 cents per share, reflecting a 17.4% increase over the past two months, and also has a VGM Score of A [7].