(VIANEWS) – Canadian Solar (CSIQ), StoneCo (STNE), ServiceNow (NOW) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. Canadian Solar (CSIQ)
34.5% sales growth and 18.21% return on equity
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. The company operates through two segments, Module and System Solutions (MSS), and Energy. The MSS segment engages in the design, development, manufacture, and sale of a range of solar power products, including standard solar modules, specialty solar products, and solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories. It also provides engineering, procurement, and construction; and operation and maintenance (O&M) services. This segment's energy solution products include solar inverters and energy storage systems for utility, commercial, residential, and specialty product applications. Its O&M services include inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar power projects. The Energy segment engages in the development and sale of solar power projects; and operation of solar power plants and sale of electricity. As of January 31, 2020, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 880.2 MWp. The company's primary customers include distributors, system integrators, project developers, and installers/EPC companies. Canadian Solar Inc. sells its products primarily under its Canadian Solar brand name; and on an OEM basis. It has operations in North America, South America, Europe, South Africa, the Middle East, Australia, Asia, and internationally. The company was founded in 2001 and is headquartered in Guelph, Canada.
Earnings Per Share
As for profitability, Canadian Solar has a trailing twelve months EPS of $5.67.
PE Ratio
Canadian Solar has a trailing twelve months price to earnings ratio of 4.43. Meaning, the purchaser of the share is investing $4.43 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 18.21%.
Sales Growth
Canadian Solar’s sales growth is 5.2% for the current quarter and 34.5% for the next.
2. StoneCo (STNE)
23.1% sales growth and 6.13% return on equity
StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team. The company served approximately 2.6 million clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands.
Earnings Per Share
As for profitability, StoneCo has a trailing twelve months EPS of $0.5.
PE Ratio
StoneCo has a trailing twelve months price to earnings ratio of 19.4. Meaning, the purchaser of the share is investing $19.4 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 6.13%.
Sales Growth
StoneCo’s sales growth is 29% for the current quarter and 23.1% for the next.
Moving Average
StoneCo’s value is way below its 50-day moving average of $12.07 and way below its 200-day moving average of $11.34.
Earnings Before Interest, Taxes, Depreciation, and Amortization
StoneCo’s EBITDA is 3.77.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 83.3% and 66.7%, respectively.
3. ServiceNow (NOW)
23% sales growth and 25.61% return on equity
ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. It also provides information technology (IT) service management applications; IT service management product suite for enterprise's employees, customers, and partners; strategic portfolio management product suite; IT operations management product that connects a customer's physical and cloud-based IT infrastructure; IT asset management; and security operations that connects with internal and third party. In addition, the company offers integrated risk management product to manage risk and resilience; environmental, social and governance management product; human resources, legal, and workplace service delivery products; safe workplace suite products; customer service management product; and field service management applications. Further, it provides App Engine product; Automation Engine enables application to extend workflows; platform privacy and security product; procurement operations management suite; and professional and customer support services. The company serves government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products through direct sales team and resale partners. It has a strategic partnership with Celonis to help customers identify and prioritize processes that are suitable for automation. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. The company was founded in 2004 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, ServiceNow has a trailing twelve months EPS of $6.92.
PE Ratio
ServiceNow has a trailing twelve months price to earnings ratio of 80.77. Meaning, the purchaser of the share is investing $80.77 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 25.61%.
Yearly Top and Bottom Value
ServiceNow’s stock is valued at $558.91 at 11:22 EST, under its 52-week high of $614.36 and way above its 52-week low of $337.00.
Previous days news about ServiceNow(NOW)
- According to VentureBeat on Tuesday, 10 October, "Replit’s open source coding LLM is being positioned as a competitive alternative to the StarCoder LLM which is jointly developed by ServiceNow and Hugging Face, as well as Meta’s Llama CodeLlama 7B."
- According to Zacks on Wednesday, 11 October, "On the same day, the company also announced that it has collaborated with a leading digital workflow company - ServiceNow - to automate device management for organizations. "
- According to Zacks on Thursday, 12 October, "Its industry sports an average Forward P/E of 24.82, so one might conclude that ServiceNow is trading at a premium comparatively.", "The investment community will be paying close attention to the earnings performance of ServiceNow in its upcoming release. "
4. Align Technology (ALGN)
14.6% sales growth and 8.68% return on equity
Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services). The Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of teenage patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of seven and ten years, which is a mixture of primary/baby and permanent teeth. This segment's non-comprehensive products comprise Invisalign moderate, lite and express packages, and Invisalign go and Invisalign Go Plus; and non-case products that include retention products, Invisalign training, and adjusting tools used by dental professionals during the course of treatment. The Systems and Services segment offers iTero intraoral scanning system, a single hardware platform with software options for restorative or orthodontic procedures; restorative software for general practitioner dentists, prosthodontists, periodontists, and oral surgeons; and software for orthodontists for digital records storage, orthodontic diagnosis, and for the fabrication of printed models and retainers. This segment also provides Invisalign outcome simulator, a chair-side and cloud-based application for the iTero scanner; Invisalign progress assessment tool; and TimeLapse technology, which allows doctors or practitioners to compare a patient's historic 3D scans to the present-day scan, as well as subscription software, disposables, rentals, leases, and pay per scan services Align Technology, Inc. was incorporated in 1997 and is headquartered in Tempe, Arizona.
Earnings Per Share
As for profitability, Align Technology has a trailing twelve months EPS of $4.1.
PE Ratio
Align Technology has a trailing twelve months price to earnings ratio of 66.2. Meaning, the purchaser of the share is investing $66.2 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.68%.
Growth Estimates Quarters
The company’s growth estimates for the current quarter and the next is 66.9% and 42.8%, respectively.
Yearly Top and Bottom Value
Align Technology’s stock is valued at $271.43 at 11:22 EST, way under its 52-week high of $413.20 and way higher than its 52-week low of $172.05.
Volume
Today’s last reported volume for Align Technology is 371419 which is 47.57% below its average volume of 708443.
Previous days news about Align Technology(ALGN)
- According to Zacks on Wednesday, 11 October, "Some other top-ranked stocks in the broader medical space are DaVita Inc. (DVA Quick QuoteDVA – Free Report) , Quanterix (QTRX Quick QuoteQTRX – Free Report) and Align Technology (ALGN Quick QuoteALGN – Free Report) , each carrying a Zacks Rank #2."
- According to Zacks on Wednesday, 11 October, "Some other top-ranked stocks in the broader medical space are DaVita Inc. (DVA Quick QuoteDVA – Free Report) , Quanterix (QTRX Quick QuoteQTRX – Free Report) and Align Technology (ALGN Quick QuoteALGN – Free Report) , each carrying a Zacks Rank #2."
- According to Zacks on Wednesday, 11 October, "Some other top-ranked stocks from the broader medical space are DaVita Inc. (DVA Quick QuoteDVA – Free Report) , Align Technology (ALGN Quick QuoteALGN – Free Report) and Boston Scientific Corporation (BSX Quick QuoteBSX – Free Report) ."
- According to Zacks on Wednesday, 11 October, "Some other top-ranked stocks in the broader medical space are Cardinal Health (CAH Quick QuoteCAH – Free Report) , Quanterix (QTRX Quick QuoteQTRX – Free Report) and Align Technology (ALGN Quick QuoteALGN – Free Report) , each carrying a Zacks Rank #2. "
5. Imax Corporation (IMAX)
13.7% sales growth and 3.18% return on equity
IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company that specializes in digital and film-based motion picture technologies worldwide. It offers cinematic solution comprising proprietary software, theater architecture, intellectual property, and equipment. The company offers Digital Re-Mastering (DMR), a proprietary technology that digitally enhances the image resolution, visual clarity, and sound quality of motion picture films for projection on IMAX screens; IMAX premium theater systems to exhibitor customers through sales, long-term leases, and joint revenue sharing arrangements; film post-production services; and camera and other miscellaneous items rental services, as well as distributes documentary films; and owns and operates IMAX theaters. It also designs, manufactures, installs, sells, and leases IMAX theater projection system equipment; maintains IMAX theater projection system equipment in the IMAX theater network; distributes and licenses original content, virtual reality, IMAX home entertainment, and others; and sells or leases its theater systems to theme parks, private home theaters, tourist destination sites, fairs, and expositions, as well as engages in the after-market sale of projection system parts and 3D glasses. The company markets its theater systems through a direct sales force and marketing staff. It owns or otherwise has rights to trademarks and trade names, which include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It in IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, IMAX nXos, and Films To The Fullest. As of March 31, 2020, the company had a network of 1,616 IMAX theater systems comprising 1,526 commercial multiplexes, 14 commercial destinations, and 76 institutional facilities operating in 81 countries and territories. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.
Earnings Per Share
As for profitability, Imax Corporation has a trailing twelve months EPS of $0.08.
PE Ratio
Imax Corporation has a trailing twelve months price to earnings ratio of 235.88. Meaning, the purchaser of the share is investing $235.88 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 3.18%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 32.5%, now sitting on 351.73M for the twelve trailing months.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Imax Corporation’s EBITDA is 37.82.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 440% and 47.4%, respectively.
6. Alphabet (GOOGL)
11.6% sales growth and 23.33% return on equity
Kevin Martens has been the lead manager of GGYPX since Dec 26, 2019, and most of the fund’s exposure is in companies like Salesforce (5.0%), Alphabet (4.9%) and Bristol Myers Squibb (4.9%) as of 5/31/2023., Steven M. Barry has been the lead manager of GGZPX since Jan 30, 2008, and most of the fund’s exposure is in companies like Microsoft (7.3%), Apple (6.9%) and Alphabet (2.5%) as of 5/31/2023.
Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play store; and Fitbit wearable devices, Google Nest home products, Pixel phones, and other devices, as well as in the provision of YouTube non-advertising services. The Google Cloud segment offers infrastructure, cybersecurity, data, analytics, AI, and machine learning, and other services; Google Workspace that include cloud-based collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells health technology and internet services. The company was founded in 1998 and is headquartered in Mountain View, California.
Earnings Per Share
As for profitability, Alphabet has a trailing twelve months EPS of $4.74.
PE Ratio
Alphabet has a trailing twelve months price to earnings ratio of 29.4. Meaning, the purchaser of the share is investing $29.4 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 23.33%.
Previous days news about Alphabet(GOOGL)
- Zacks investment ideas feature highlights: Amazon, Alphabet, cloudflare, crowdstrike and zscaler. According to Zacks on Wednesday, 11 October, "Chicago, IL - October 11, 2023 - Today, Zacks Investment Ideas feature highlights Amazon (AMZN Quick QuoteAMZN – Free Report) , Alphabet (GOOGL Quick QuoteGOOGL – Free Report) , Cloudflare (NET Quick QuoteNET – Free Report) , CrowdStrike (CRWD Quick QuoteCRWD – Free Report) and Zscaler (ZS Quick QuoteZS – Free Report) .", "Amazonis the industry’s first mover and market share leader, while Alphabet is the fastest growing of the big players."
7. Merit Medical Systems (MMSI)
7.5% sales growth and 7.87% return on equity
Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates in two segments, Cardiovascular and Endoscopy. It provides peripheral intervention products for the diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, hemostasis, intervention, fluid management, electrophysiology and cardiac rhythm management, and hemodynamic monitoring to treat various heart conditions. The company also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, swab and collection systems, manifold kits, and trays and packs; coated tubes and wires; and sensor components for microelectromechanical systems. In addition, it provides pulmonary products that consist of laser-cut tracheobronchial stents, advanced over-the-wire and direct visualization delivery systems, and dilation balloons; gastroenterology products; and kits and accessories for endoscopy and bronchoscopy procedures. The company sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.
Earnings Per Share
As for profitability, Merit Medical Systems has a trailing twelve months EPS of $1.58.
PE Ratio
Merit Medical Systems has a trailing twelve months price to earnings ratio of 43.68. Meaning, the purchaser of the share is investing $43.68 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 7.87%.
Earnings Before Interest, Taxes, Depreciation, and Amortization
Merit Medical Systems’s EBITDA is 3.62.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is 1.6% and a drop 2.5% for the next.
8. Beacon Roofing Supply (BECN)
6% sales growth and 18.09% return on equity
Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers. It offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment. The company also provides above grade and below grade membranes and coatings, deck and floor coatings, plaza deck waterproofing products, damp proofing coatings, and air and vapor barriers; tools and equipment, including power and hand tools, ladders and scaffolding, air tools and compressors, nails, screws and fasteners, generators, work wear and safety gear, job site supplies, tool bags and belts, welding and soldering, cleaning supplies, drill bits, and saw blades; and solar panels, mounting hardware, inverters, and storage and batteries. As of December 21, 2022, it operated approximately 470 branches in 50 states of the United States and 6 provinces in Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is headquartered in Herndon, Virginia.
Earnings Per Share
As for profitability, Beacon Roofing Supply has a trailing twelve months EPS of $4.97.
PE Ratio
Beacon Roofing Supply has a trailing twelve months price to earnings ratio of 15.39. Meaning, the purchaser of the share is investing $15.39 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 18.09%.
Moving Average
Beacon Roofing Supply’s value is under its 50-day moving average of $80.58 and way above its 200-day moving average of $67.24.
Sales Growth
Beacon Roofing Supply’s sales growth is 10.4% for the ongoing quarter and 6% for the next.
Previous days news about Beacon Roofing Supply(BECN)
- According to Zacks on Thursday, 12 October, "One other stock from the same industry, Beacon Roofing Supply (BECN Quick QuoteBECN – Free Report) , is yet to report results for the quarter ended September 2023."
