If you like to use a company’s P/E ratio to determine its value, then you’ll love using the PEG Ratio Profit Track. The PEG Ratio can calculate if a stock is undervalued relative to its expected future growth. Find out which companies offer the greatest value regardless of growth rate to enjoy stellar returns. Four stocks meeting this screen’s exclusive criteria are: Arch Capital Group Ltd. (Nasdaq: ACGL), National Oilwell Varco, Incorporated (NYSE: NOV), Schering-Plough Corp. (NYSE: SGP) and Warner Chilcott Limited (Nasdaq: WCRX). View the entire list of stocks for the PEG Ratio Profit Track at http://at.zacks.com/?id=1837
Here are details about four companies currently identified by the PEG Ratio Profit Track:
Arch Capital Group Ltd. (Nasdaq: ACGL) offers a PEG ratio of 0.48. The company recently announced fourth-quarter earnings of $2.88 per share, topping the consensus estimate by 19% and exceeding the year-ago earnings. ACGL's earnings per share have come in above Wall Street expectations each time over the past five consecutive quarters.
National Oilwell Varco, Incorporated (NYSE: NOV), a Zacks #1 Rank (Strong Buy) company, recently reported fourth-quarter earnings of $1.35 per share, surpassing the consensus estimate by 29% and outperforming the year-prior period. The company mentioned that each of its three segments reported higher year-over-year sales and profits for the year. NOV's PEG ratio currently stands at 0.46.
Schering-Plough Corp. (NYSE: SGP) recently announced fourth-quarter results, stating that over the past three years, its adjusted sales have grown more than twice as fast as its U.S. peer group average sales. Quarterly earnings improved on a year-over-year basis and eclipsed the consensus estimate by 6.25%. SGP satisfies the criteria of this Profit Track as evidenced by its PEG ratio of 0.50.
Warner Chilcott Limited (Nasdaq: WCRX) issued its third-quarter report in mid-November. The report stated that WCRX’s recently launched products, LOESTRIN(R) 24 FE and TACLONEX(R), contributed to its strong revenue growth. Total revenue in the fourth quarter climbed to $194.7 million from the previous year’s $129.0 million. Warner Chilcott Limited has a PEG ratio of 0.52.
Discover all the current stocks currently on the PEG Ratio Profit Track at: http://at.zacks.com/?id=1868
About Profit Tracks
What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. For the first nine months of 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of +42.7% followed by the Discounted Fundamental screen with a +29.7% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838
All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report “Top 10 Stock Screening Strategies” at http://at.zacks.com/?id=2156
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