Company News May 5, 2022
- PAYC shares of Paycom Software Inc. soared 13.8% after the company reported adjusted earnings per share of $1.90 in the first quarter of 2022, beating Zacks’ consensus estimate of $1.76.
- Match Group Inc.’s MTCH shares jumped 6.2% after the company reported first-quarter 2022 adjusted earnings per share of $0.74, beating Zacks’ consensus estimate of $0.66.
- Emerson Electric Co. EMR shares gained 1% after reporting adjusted earnings per share of $1.29 in the second quarter of fiscal 2022, beating Zacks’ consensus estimate of $1.18.
- Shares of Equinor ASA EQNR soared 3.7% after posting adjusted earnings per share of $1.60 in the first quarter of 2022, beating the Zacks consensus estimate of $1.57.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could step in at any time.
This company could rival or surpass other recent Zacks stocks that are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.