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3 Stocks to Watch Closely for Superb Earnings Acceleration
Beyond MeatBeyond Meat(US:BYND) zacks.com·2024-05-20 12:15

Core Insights - Earnings acceleration is a key indicator of a company's potential for stock price appreciation, as it reflects incremental growth in earnings per share (EPS) [1] - Companies with increasing earnings growth percentages are considered fundamentally sound, while those with decelerating growth may face price declines [2] Screening Parameters - Stocks should be screened for the last two quarter-over-quarter EPS growth rates exceeding previous periods' growth rates [3] - The projected EPS growth rate for the current quarter must be greater than the previous quarter's growth rate, and this pattern should continue for the preceding quarters [3][4] - Additional criteria include a current stock price of at least $5 and an average 20-day trading volume of 50,000 or more to ensure liquidity [4] Notable Stocks - Beyond Meat (BYND) is highlighted with an expected earnings growth rate of 44.2% for the current year and currently holds a Zacks Rank 3 (Hold) [4] - Sea Limited (SE) has an expected earnings growth rate of 19.9% and holds a Zacks Rank 2 (Buy) [5] - Expro Group Holdings (XPRO) stands out with an expected earnings growth rate of 426.3% and currently has a Zacks Rank 3 [5]