Chicago, IL – March 31, 2022 – Stocks in this week’s article are Vaalco Energy EGY, Oasis Petroleum OAS and Expro Group Holdings XPRO.
3 of the Best Stocks to Buy for Superb Earnings Acceleration
Studies have shown that a majority of successful stocks had seen an acceleration in earnings before an uptick in the stock price. Earnings acceleration is the incremental growth in a company's earnings per share (EPS). In other words, 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.
By the way, in the case of earnings growth, you pay for something that is 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 three of the 21 stocks:
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 (Buy). The company's expected earnings growth rate for the current year is 48.2%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Oasis Petroleum is an independent explorer engaged in the acquisition and development of oil and natural gas resources. Oasis Petroleum's asset base primarily focuses on the North Dakota and Montana regions of the Williston Basin, targeting the Bakken and Three Forks formations. Oasis Petroleum has a Zacks Rank #1. The company's expected earnings growth rate for the current year is 205%.
Expro Group Holdings is an oil and gas service company. Expro Group has a Zacks Rank #2. The company's expected earnings growth rate for the current year is 287.5%.
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