3 Cheap Stocks To Buy Now For June And Beyond

These projections would extend its streak of nearly 20% or stronger sales growth to eight straight years. Meanwhile, GRBK’s adjusted earnings are expected to soar 48% this year and 19% next year.  

Green Brick’s positive earnings revisions activity helps it grab a Zacks Rank #2 (Buy) right now, alongside its “B” grades for Value and Momentum in our Style Scores system. And three of the four brokerage recommendations Zacks has are “Strong Buys.”

Given some of these fundamentals and the market momentum off the virus lows, it might not be a surprise that Green Brick shares are up 100% in the last year to easily beat its highly-ranked Real Estate–Development industry’s 70% average.

Luckily for investors who missed out the stock is flat in 2021 to lag its industry’s 33% run. GRBK is currently hovering between its 50-day and 200-day moving average, with a below-neutral RSI of 45. The stock is also trading at a 45% discount to its industry at 6.5X forward earnings and 15% below its own year-long median.

Plus, Green Brick shares are trading nearly 20% below its early May highs at roughly $23 a share. All of this might create an enticing buying opportunity to buy GRBK on the dip after Wall Street took profits on the big pandemic winner.

Everi Holdings Inc. (EVRI Quick Quote EVRI - Free Report)

Prior Close: $22.07 USD (close of regular trading Thursday, June 3)

Everi is a Las Vegas-based casino tech firm that sells a variety of gaming machines and services. The company also provides financial services-focused products that “power the casino floor,” player loyalty offerings, as well as intelligence and regulatory compliance solutions.

EVRI is coming off a tough covid-hit year that disrupted the broader hospitality world and casinos. As one might assume, Everi’s business started to improve in the second half of last year and it’s poised for a big comeback amid the U.S. economy’s grand reopening.

EVRI topped our Q1 earnings and revenues estimates on May 5 and it announced on May 20 an agreement with Caesars Entertainment (CZR Quick Quote CZR - Free Report) to begin a Nevada field trial for its Jackpot Xpress. The firm’s first-quarter revenue jumped 23% from Q1 2020 and 12% against Q1 FY19.

Plus, its adjusted earnings soared and it topped our estimate by 425%. “A key driver of the growth in our Games and FinTech business segments is our high-margin, recurring revenue streams, which we expect will help sustain our near- and long-term growth as the casino industry continues to recover,” CEO Michael Rumbolz said in Q1 remarks.

View single page >> |

Disclaimer: Neither Zacks Investment Research, Inc. nor its Information Providers can guarantee the accuracy, completeness, timeliness, or correct sequencing of any of the Information on the Web ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.