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Zacks.com featured highlights AxoGen, Western Digital and Gen Digital

For Immediate Release

Chicago, IL – February 20, 2024 – Stocks in this week’s article are AxoGen AXGN, Western Digital WDC and Gen Digital Inc. GEN.

3 Best Stocks to Buy for Remarkable Earnings Acceleration

Earnings growth captivates almost everyone, from the top brass to research analysts. After all, earnings are a measure of the money a company is making.

Still, earnings acceleration works even better when lifting the stock price. Studies have shown that most successful stocks have seen an acceleration in earnings before an uptick in their 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.

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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 yet caught the attention of investors and, 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. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may sometimes drag prices down.

The above criteria narrowed the universe of around 7,735 stocks to only five. Here are the top three stocks:

AxoGen engages in developing and marketing surgical solutions for peripheral nerves. AxoGen currently has a Zacks Rank #2 (Buy). AXGN’s expected earnings growth rate for the current year is 46.7%. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Western Digital is one of the largest hard disk drive producers in the United States. Western Digital currently has a Zacks Rank #2. WDC’s expected earnings growth rate for the current year is 40.1%.

Gen Digital Inc. is a company dedicated to powering Digital Freedom through its trusted Cyber Safety brands. Gen Digital currently has a Zacks Rank #2. GEN’s expected earnings growth rate for the current year is 7.7%.

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For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2227290/3-best-stocks-to-buy-for-remarkable-earnings-acceleration

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Contact: Jim Giaquinto

Company: Zacks.com

Phone: 312-265-9268

Email: pr@zacks.com

Visit: https://www.zacks.com/

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.

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Western Digital Corporation (WDC) : Free Stock Analysis Report

Gen Digital Inc. (GEN) : Free Stock Analysis Report

AxoGen, Inc. (AXGN) : Free Stock Analysis Report

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