The markets continue to extend their loss after showing some positive signs in the early session of trade. Correction in tech stocks was putting pressure on the Nasdaq
Azz Inc (AZZ)
First on the list today is Azz Inc, a company operating in two segments, namely Energy and Metal Coatings. It provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and highly engineered services to the power generation, transmission, distribution, refining, and industrial markets. Our AI technology has identified factor scores of rated C in Technical, B in Growth, B in Momentum Volatility, and A in Quality Value for the stock that is down 26.72% for the year. As for the financials, revenue grew by 21.67% over the last three years to $1061.8M in comparison to $810.4M three years ago. Operating income saw a sharper rise growing by 53.13% in three years to $107.2M in the last fiscal year from $59.1M three years ago. EPS grew from $1.73 three years ago to $1.84 in the last fiscal year. ROE fell to 7.8% in the last year compared to 8.2% three years ago. Forward 12M revenue is expected grow at a rate of 3.51% over the next 12 months. The stock trades with a reasonable Forward 12M P/E of 13.53.
Discovery Inc (DISCA)
Next on the buy list is Discovery Inc
Esco Technologies Inc (ESE)
Our AI technology has assigned Esco Technologies Inc with factor scores of D in Technical, C in Growth, A in Momentum Volatility, and A in Quality Value. Esco Technologies produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. The stock is down 12.87% for the year. As for the financials, Revenue grew by 2.16% in the last fiscal year to $813M, growing by 21.13% over the last three years from $685.7M.Operating income grew by 30.8% over the last three fiscal years from $84.1M to$112.9M in the last fiscal year . EPS grew by 84.52% to $3.1 in the last fiscal year, compared to a growth rate of 176.33% from $2.07 three years ago. ROE improved to 10.2% in the last year higher compared to 8.3% three years ago. Revenue is expected to grow by 2.98% in the next 12 months and the stock is trading at Forward 12M P/E of 30.34.
Forward Air Corp (FWRD)
Next on our list of Top Buy list is Forward Air Corp, with factor scores of C in Technical, C in Growth, B in Momentum Volatility, and A in Quality Value. Forward Air operates as an asset-light freight and logistics company in the United State and Canada. The company operates through three segments: Expedited Freight, Intermodal, and Pool Distribution. The stock is down 31.64% for the year. Looking at the financials, Revenue grew by 1.49%% in the last fiscal year to $1410.4M, growing by 22.42% over the last three fiscal years from $1169.3M. Operating Income grew to $119.9M in the last fiscal year compared to $110M three years ago. EPS also increased from $2.89 three years ago to $3.04 in the last fiscal year. ROE dropped from 16.9% three years ago to 15.4% in the last year but it continues to be high. The stock is trading with a Forward 12M P/E of 31.34.
HD Supply Holdings Inc (HDS)
Finally, we have HD Supply Holdings Inc