(VIANEWS) – NVIDIA (NVDA), The Descartes Systems Group (DSGX), RenaissanceRe Hold (RNR) 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. NVIDIA (NVDA)
170.8% sales growth and 40.22% return on equity
NVIDIA Corporation provides graphics, and compute and networking solutions in the United States, Taiwan, China, and internationally. The company's Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building 3D designs and virtual worlds. Its Compute & Networking segment provides Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; cryptocurrency mining processors; Jetson for robotics and other embedded platforms; and NVIDIA AI Enterprise and other software. The company's products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, independent software vendors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants. It has a strategic collaboration with Kroger Co. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
Earnings Per Share
As for profitability, NVIDIA has a trailing twelve months EPS of $4.12.
PE Ratio
NVIDIA has a trailing twelve months price to earnings ratio of 110.87. Meaning, the purchaser of the share is investing $110.87 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 40.22%.
Sales Growth
NVIDIA’s sales growth for the next quarter is 170.8%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Sep 5, 2023, the estimated forward annual dividend rate is 0.16 and the estimated forward annual dividend yield is 0.04%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 101.5%, now sitting on 32.68B for the twelve trailing months.
Previous days news about NVIDIA(NVDA)
- How to invest in NVIDIA's AI revolution. According to Zacks on Thursday, 7 September, "This week, Tracey is joined by Zacks Senior Stock Strategist, Kevin Cook, who is the Editor of Zacks TAZR and Healthcare Innovators newsletter and portfolio, to discuss what is going on with the AI revolution, NVIDIA and the derivative companies also getting a boost.", "With numbers like these, should every investor own NVIDIA no matter what the price?"
- According to Zacks on Thursday, 7 September, "Taiwan Semiconductor ((TSM Quick QuoteTSM – Free Report) ), the giant $500 billion microchip foundry for Apple ((AAPL Quick QuoteAAPL – Free Report) ) and NVIDIA ((NVDA Quick QuoteNVDA – Free Report) ), has slipped into the cellar of the Zacks Rank as analysts ratcheted down EPS estimates in the past two months."
- According to Zacks on Friday, 8 September, "Most of the fund’s holdings were in companies like NVIDIA Corp. (7.2%), Meta Platforms, Inc. (7.2%) and Visa Inc. (6%) as of Mar 31, 2023.LGRRX’s 3-year and 5-year returns are 12.1% and 14.2%, respectively. "
2. The Descartes Systems Group (DSGX)
18.3% sales growth and 10.28% return on equity
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.
Earnings Per Share
As for profitability, The Descartes Systems Group has a trailing twelve months EPS of $1.31.
PE Ratio
The Descartes Systems Group has a trailing twelve months price to earnings ratio of 57.08. Meaning, the purchaser of the share is investing $57.08 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 10.28%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 16.6%, now sitting on 526.62M for the twelve trailing months.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 12.9% and 8.8%, respectively.
Yearly Top and Bottom Value
The Descartes Systems Group’s stock is valued at $74.77 at 11:22 EST, below its 52-week high of $82.02 and way above its 52-week low of $61.26.
3. RenaissanceRe Hold (RNR)
10% sales growth and 6.21% return on equity
RenaissanceRe Holdings Ltd., together with its subsidiaries, provides reinsurance and insurance products in the United States and internationally. The company operates through Property, and Casualty and Specialty segments. The Property segment writes property catastrophe excess of loss reinsurance and excess of loss reinsurance to insure insurance and reinsurance companies against natural and man-made catastrophes, including hurricanes, earthquakes, typhoons, and tsunamis, as well as winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, such as proportional reinsurance, property per risk, property reinsurance, binding facilities, and regional U.S. multi-line reinsurance. The Casualty and Specialty segment writes various classes of products, such as directors and officers, medical malpractice, and professional indemnity; automobile and employer's liability, casualty clash, umbrella or excess casualty, workers' compensation, and general liability; financial and mortgage guaranty, political risk, surety, and trade credit; and accident and health, agriculture, aviation, cyber, energy, marine, satellite, and terrorism. The company distributes its products and services primarily through intermediaries. It also invests in and manages funds. RenaissanceRe Holdings Ltd. was founded in 1993 and is headquartered in Pembroke, Bermuda.
Earnings Per Share
As for profitability, RenaissanceRe Hold has a trailing twelve months EPS of $7.85.
PE Ratio
RenaissanceRe Hold has a trailing twelve months price to earnings ratio of 25.21. Meaning, the purchaser of the share is investing $25.21 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 6.21%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 103.4%, now sitting on 7.4B for the twelve trailing months.
Yearly Top and Bottom Value
RenaissanceRe Hold’s stock is valued at $197.89 at 11:22 EST, way under its 52-week high of $223.80 and way above its 52-week low of $128.00.
Earnings Before Interest, Taxes, Depreciation, and Amortization
RenaissanceRe Hold’s EBITDA is 1.6.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter and the next is 133.3% and 0.7%, respectively.
4. Entravision Communications Corporation (EVC)
5.3% sales growth and 3.55% return on equity
Entravision Communications Corporation operates as an advertising, media, and technology solutions company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics across acculturation levels and media channels. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties. It also offers a suite of end-to-end digital advertising solutions, including digital commercial partnerships services, as well as advertising customers billing and technological and other support services, including strategic marketing and training; and Smadex, a programmatic ad purchasing platform that enables advertising customers or ad agencies to purchase advertising electronically and manage data-driven advertising campaigns through online marketplaces. In addition, the company provides a branding and mobile performance solutions, such as managed services to advertisers looking to connect with consumers on mobile devices; and digital audio advertising solutions for advertisers. Further, it sells advertisements and syndicated radio programming solutions through its Entravision radio network. As of March 3, 2022, the company had 50 television stations; and 46 Spanish-language radio stations. It serves advertisers from various industries, such as e-commerce, retail, entertainment, gaming, delivery services, financial technology, communications, lifestyle, and travel. The company was founded in 1996 and is headquartered in Santa Monica, California.
Earnings Per Share
As for profitability, Entravision Communications Corporation has a trailing twelve months EPS of $0.09.
PE Ratio
Entravision Communications Corporation has a trailing twelve months price to earnings ratio of 42. Meaning, the purchaser of the share is investing $42 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 3.55%.
Sales Growth
Entravision Communications Corporation’s sales growth is 17.5% for the present quarter and 5.3% for the next.
