The Globe and Mail attempts to identify Canadian stocks
posting quarterly growth that is
expected to continue in its Thursday, July 10, edition. The Globe's Craig McGee writes in the Number Cruncher column that he looked for stocks with the best combination of the
following metrics: Growth of the latest reported
quarter's operating earnings
per share versus the same
quarter from the prior year; growth of the previously
reported quarter's operating
EPS versus the same quarter
from the prior year; expected growth of the next
quarter's operating EPS versus
the same quarter from the prior
year; and expected growth of operating
EPS two quarters in the future
versus the same quarter from
the prior year. Stocks with market caps below $100-million were
not included. All periods needed to
exhibit positive growth. A basket of 20 stocks using this strategy over the past year generated a total return of 66.6
per cent versus 28.7 per cent for
the S&P/TSX Composite Total
Return Index. Companies showing positive earnings growth over several periods are Rock Energy, NuVista Energy, Cascades, Canaccord Genuity, Points International and Domtar.
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