Deadline: 3 TSX Stocks I’d Buy Before Earnings

With earnings coming in for these three TSX stocks, there is an opportunity to be had to create huge returns in the near future.

| More on:
Hourglass projecting a dollar sign as shadow

Source: Getty Images

Earnings continue to come out, and while some may see shares drop, there are others that I would pick up as the deadline looms closer. This week, there are several TSX stocks that are coming out with earnings reports. And I’d pick them up now before they hit.


Kinaxis (TSX:KXS) has earnings coming out on March 2. The supply-chain management company has narrowly missed the last two earnings calls and yet continues to make partnerships that investors should be seriously interested in.

The digital supply company continues to focus on enterprise-level companies around the world. It’s a TSX stock with a diverse portfolio, with not one company taking up more than 5% of its revenue. Because of this, it’s a safe long-term option with contracts lasting years.

Shares are up about 2% in the last year and up 6% in the last month alone. It’s now one of the few tech stocks analysts believe will actually provide positive earnings. While still expensive, there is a potential upside of 9.5% as of writing to reach 52-week highs. Though analysts believe it will climb even higher in the next year.

Capital Power

Capital Power (TSX:CPX) releases earnings on March 1. This is yet another company that seems to be trading in relatively expensive territory, but I would still consider it as earnings come in. The company continues to beat out quarter after quarter, and also provides a dividend yield at 5.42% as of writing.

Beyond this, it’s a TSX stock in the renewable energy field. This is significant, as it provides a growth opportunity for investors in the future. Yet right now, that opportunity is also available. Capital Power stock continues to create deals, partnerships, and acquisitions that are set up for years and sometimes decades!

With that in mind, I would certainly consider picking this up with other TSX stocks, as earnings come in. Shares are up 17% in the last year, though down 7% year to date. It now offers a 24% potential upside to reach 52-week highs.

NFI Group

Finally, NFI Group (TSX:NFI) also has earnings coming out on March 1, and the company recently hit headlines. It was all positive, with Vice President Kamala Harris coming to visit the company. While this could be brushed off as some public relations stuff, don’t brush this off.

NFI stock is involved with creating electric buses, and it continues to expand the use of these buses around the world. With the visit of Harris, it shows that the White House is backing this transition. And where the White House goes, money follows.

So, as earnings come in, definitely pay attention to NFI stock. It narrowly missed last quarter’s earnings and remains a strong buy recommendation by analysts. Shares are down 47% in the last year and down 11% in the last month. It now has a potential upside of 93% to reach 52-week highs!

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has positions in Kinaxis. The Motley Fool recommends Kinaxis and NFI Group. The Motley Fool has a disclosure policy.

More on Investing

A worker uses a double monitor computer screen in an office.
Dividend Stocks

2 of the Best Canadian Stocks That Pay Out Monthly

These two Canadian dividend stocks are some of the best to buy, offering yields upwards of 5.4% and returning cash…

Read more »

Oil pumps against sunset
Energy Stocks

Suncor Stock: How Low Could it Go in 2023?

Suncor (TSX:SU) is up on the back of a bounce in oil prices but remains out of favour. Can new…

Read more »

clock time
Dividend Stocks

How Investors Can Build a $1 Million Portfolio in 12 Years

If you can handle it, you can certainly create a million-dollar portfolio in just 12 years, especially considering this dividend…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Passive-Income Seekers: 4 Safe Dividend Stocks to Own Beyond 2033

Dividend stocks are great, but only if they continue to perform after downturns as well. In the case of these…

Read more »

stock analysis
Tech Stocks

Investing in AI: 1 Cheap Tech Stock Poised for Growth

Docebo is a little-known Canadian tech firm that's unlocking the power of next-generation AI technologies.

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

4 Big Dividend-Paying Stocks for 2023

These four stocks all earn strong cash flow and offer attractive dividend yields, making them some of the best to…

Read more »

A airplane sits on a runway.

1 Growth Stock Down 40% to Buy Right Now

This Canadian stock has years of growth potential, and considering the significant discount it trades at now, it's a top…

Read more »

grow dividends
Dividend Stocks

This 7.5 Percent Dividend Stock Pays Cash Every Month

If you need cash now, this dividend stock is certainly one I would consider that could double in share price…

Read more »