3 Cheap Stocks To Buy Now For June And Beyond

The provider of land-based and digital casino gaming content is also prepared to expand into more markets and its consensus EPS estimates have skyrocketed since its report, with its FY21 figure 168% higher to $0.67 a share and FY22 up 54%. This bottom-line positivity helps Everi grab a Zacks Rank #2 (Buy) right now next to its “A” grade for Momentum in our Style Scores system.

Zacks Investment Research

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EVRI’s 2021 revenue is projected to soar over 46% to $561.9 million to come in above its pre-pandemic levels and then climb 9% higher in FY22. On the bottom line, Everi is expected to swing from an adjusted loss of -$0.96 a share in the covid-shutdown year up to +$0.67 in 2021 and $0.77 next year.

Along with its strong Zacks Rank, all six of the brokerage recommendations Zacks has for the stock are “Strong Buys.” EVRI shares have surged nearly 25% since its early May report as part of a 60% run in 2021 and a 230% climb in the past 12 months. Unlike, GRBK, Everi shares might be a bit overheated right now and it could face a near-term pullback.

But despite trading right near its records, its valuation picture has improved significantly in the last six months, trading 44% below its six-month highs in terms of forward earnings. And Everi could continue to benefit from the reopening boom and the growth of digital casinos.

Mattel, Inc. (MAT Quick Quote MAT - Free Report)

Prior Close: $20.86 USD (close of regular trading Thursday, June 3)

Mattel is a historic toys and games maker with a portfolio that includes Barbie, Hot Wheels, Fisher-Price, and much more. The company is coming off a strong second-half of 2020 that saw it post back-to-back quarters of 10% sales growth. This expansion marked its strongest in years, as traditional toy and game companies struggle to adapt to the tech-heavy world of video games and smartphones.

Mattel executives said they are seeing higher-than-expected demand because people are trying to find different ways to entertain their kids and families amid growing concerns about screen time that was elevated during remote learning. Most recently, its first-quarter FY21 revenue skyrocketed 47% to blow by estimates, while it beat bottom-line projections by 70%. The growth came against an easier to compare period but it still represented a record Q1.

MAT’s fiscal 2020 revenue climbed 2%, for its first top-line growth in six years. Zacks estimates currently call for its FY21 sales to jump 9% to reach $4.98 billion, with FY22 projected to come in 4.6% higher. Better yet, Mattel’s adjusted earnings are projected to climb by 68% and 27%, respectively during this stretch. The company has also crushed our bottom-line estimates by an average of 80% in the trailing four-quarter.

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