On June 13, 2023, three stocks were highlighted as strong buy opportunities based on their growth potential: Great Lakes Dredge & Dock Corporation (GLDD), Strattec Security Corporation (STRT), and Unisys Corporation (UIS). GLDD, the largest US dredging service provider, has seen its earnings consensus estimate rise by 39.1% over the last 60 days, holds a Zacks Rank #1, and has a PEG ratio of 1.01. In comparison, Strattec, which produces locks for automotive manufacturers, reported a 19.9% increase in its earnings estimate and also has a PEG ratio of 1.36.
The most notable is Unisys, which specializes in technology services with a 132% increase in its current year earnings estimate. It carries a Zacks Rank #1 and has a PEG ratio of 0.57, significantly lower than its industry average of 2.89. These companies are being closely monitored for their solid growth scores, with Great Lakes Dredge and Dock scoring an A, Strattec also scoring an A, and Unisys scoring a B.
