Zacks.com featured highlights Abercrombie & Fitch, EverQuote, Sezzle and Peloton

For Immediate ReleaseChicago, IL – October 24, 2024 – Stocks in this week’s article are Abercrombie & Fitch Co. ANF, EverQuote, Inc EVER, Sezzle Inc SEZL and Peloton Interactive, Inc PTON.4 Top-Performing Liquid Stocks for Robust Portfolio ReturnsBuilding a portfolio with stocks that have robust liquidity levels will likely work for investors seeking healthy returns. Liquidity measures a company’s capability to meet its short-term debt obligations. Stocks with high liquidity levels have always been in demand, owing to their potential to provide maximum returns.Investors can consider adding stocks like Abercrombie & Fitch Co., EverQuote, Inc, Sezzle Inc and Peloton Interactive, Inc to their portfolios to boost returns.However, one should be careful when investing in a stock with a high liquidity level, as it may also indicate that the company is failing to utilize its assets efficiently.Apart from sufficient cash in hand, investors might also consider a company’s capital deployment abilities before investing in its stock. A healthy company with favorable liquidity may prove to be a profitable pick for one’s portfolio.Measures to Identify Liquid StocksCurrent Ratio: It measures current assets relative to current liabilities. The ratio gauges a company’s potential to meet short- and long-term debt obligations. A current ratio — the working capital ratio — below 1 indicates that the company has more liabilities than assets. A high current ratio does not always suggest that the company is in good financial shape. It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal.Quick Ratio: Unlike the current ratio, the quick ratio — the “acid-test ratio” or “quick assets ratio” — indicates a company’s ability to pay short-term obligations. It considers inventory, excluding current assets relative to current liabilities. A quick ratio of more than 1 is desirable, like the current ratio.Cash Ratio: This is the most conservative ratio among the three, considering cash and cash equivalents and invested funds relative to current liabilities. It measures a company’s ability to meet existing debt obligations using the most liquid assets. Though a cash ratio of more than 1 may suggest sound financials, a higher number may indicate inefficiency in cash utilization.A ratio greater than 1 is always desirable but may not always represent a company’s financial condition.Here are four of the six stocks that qualified the screen:Abercrombie & Fitch is a specialty retailer of premium, high-quality casual apparel for men, women and kids. The company has a vast network of 757 stores across North America, Europe, Asia and the Middle East. It operates a few e-commerce sites, including www.abercrombie.com, www.abercrombiekids.com, www.hollisterco.com and www.gillyhicks.com.ANF’s performance is gaining from substantial growth across regions and brands, especially in the Americas and the Abercrombie brand. Backed by the strong first-half fiscal 2024 results, Abercrombie raised its sales and operating margin views for fiscal 2024. The company anticipates fiscal 2024 net sales to increase 12-13% from $4.3 billion reported in the prior year. It earlier expected net sales growth of 10% for fiscal 2024. However, the company's fiscal 2024 is one week shorter than fiscal 2023. Abercrombie anticipates this lost selling week to reduce fourth-quarter sales by $80 million or 5.5 percentage points. For the fiscal year, the retailer expects sales impacts of $50 million or 1.2 percentage points.The Zacks Consensus Estimate for its fiscal 2024 earnings is pegged at $10.26 per share, unchanged in the past 30 days. ANF has a Growth Score of A and a trailing four-quarter earnings surprise of 28%, on average.EverQuote, headquartered in Cambridge, MA, is an online insurance marketplace. The company operates an online marketplace for consumers shopping for auto, home and renters, and life insurance through its Internet websites.EverQuote is gaining from its exclusive data asset and technology, deepened focus on core P&C markets and a robust financial profile. These position it well for long-term growth. Recovery in automotive and other insurance verticals, given auto carrier recovery and growth in revenue per quote request, bodes well.The Zacks Consensus Estimate for EVER’s 2024 bottom line is pegged at earnings of 57 cents per share, unchanged in the past 60 days. The company has a Growth Score of A and a trailing four-quarter earnings surprise of 144.9%, on average.Sezzle is a fintech company that operates a digital payment platform mainly across the United States and Canada. This platform offers customers interest-free installment plans at online stores and certain in-store locations. In the last reported quarter, revenues jumped 60% year over year due to an increasing subscriber base. As of June 30, 2024, Sezzle had 462,000 active subscribers across Anywhere and Premium platforms.Management raised the top and bottom-line outlook for 2024. It expects total revenue growth of 35-40% compared with 25% mentioned earlier. Earnings per share are expected to be $9.25 compared with $5.00 stated earlier. The Zacks Consensus Estimate for 2024 earnings is pegged at $6.71 per share, unchanged in the past 60 days. The company has a Growth Score of A.Peloton Interactive operates as an interactive fitness platform with over 6 million members. The brand's content is accessible through the Peloton Bike, the Peloton Tread and Peloton Digital, which provide a full slate of fitness offerings anytime, anywhere, through IOS and Android as well as most tablets and computers.Recently, Peloton announced its seasonal retail collaboration with Costco. Under this partnership. PTON will be selling the Peloton Bike+ across 300 of Costco’s U.S. stores and on Costco.com this holiday season, beginning from Nov. 1. In the last reported quarter, revenues were almost flat year over year at $643.6 million. Subscription revenues surged 2%, while Connected Fitness Products revenues declined 4% year over year.The Zacks Consensus Estimate for fiscal 2025 bottom line is pegged at a loss of 65 cents per share, unchanged in the past 30 days. PTON has a Growth Score of A and a trailing four-quarter earnings surprise of 4.95%, on average.Get the remaining stocks on the list and start testing this and other ideas. It can all be done with the Research Wizard stock picking and back-testing software.The Research Wizard is a great place to begin and easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in and see what gems come out.Click here to sign up for a free trial of the Research Wizard today.For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2355630/4-top-performing-liquid-stocks-for-robust-portfolio-returnsZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.Contact: Jim GiaquintoCompany: Zacks.comPhone: 312-265-9268Email: pr@zacks.comVisit: https://www.zacks.com/Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abercrombie & Fitch Company (ANF): Free Stock Analysis Report EverQuote, Inc. (EVER): Free Stock Analysis Report Peloton Interactive, Inc. (PTON): Free Stock Analysis Report Sezzle Inc. (SEZL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks