3 TSX Stocks to Consider After Their Impressive Quarterly Results

Given their solid financials and healthy growth prospects, these three TSX stocks offer excellent buying opportunities.

| More on:
analyze data

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The S&P/TSX Composite Index is up 21.4% this year amid interest rate cuts, easing inflation, and optimism over Donald Trump’s victory. Meanwhile, the following three Canadian stocks have outperformed the index due to their impressive quarterly performances. Let’s assess their recent performances and growth prospects to determine buying opportunities.

Celestica

Last month, Celestica (TSX:CLS) reported an impressive third-quarter performance, with its revenue growing by 22% to $2.50 billion. It exceeded the company’s revenue guidance of $2.325-$2.475 billion. Strong growth of 42% in its CCS (Connectivity & Cloud Solutions) segment more than offset a 5% decline in its Advanced Technology Solutions (ATS) segment to drive its sales. Amid increased demand for its storage businesses and HPS (Hardware Platform Solutions) networking switches, the revenue from the CCS segment witnessed substantial growth during the quarter.

Created with Highcharts 11.4.3Celestica PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Supported by its revenue growth, Celestica has posted an adjusted EPS (earnings per share) of $1.04, representing a 60% increase from the previous year’s quarter. Moreover, the demand for AI (artificial intelligence)-ready data centres is rising amid AI usage growth, thus expanding the addressable market for the company. Given its new launches, including switches and storage controllers, the company could benefit from this market expansion. So, I expect the uptrend in the company’s financials and stock price to continue.

Waste Connections

Waste Connections (TSX:WCN) is a solid waste management company operating in the secondary and exclusive markets of the United States and Canada. Last month, it posted an excellent third-quarter performance, with revenue growing by 13.3% to $2.34 billion. A 6.8% price increase, the contribution from the companies acquired over the previous four quarters, and solid waste volume growth boosted its sales. Also, its adjusted net income grew 15.5% to $350 million during the quarter. 

Created with Highcharts 11.4.3Waste Connections PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Moreover, WCN continues to expand its footprint through organic growth and acquisitions. It is building renewable natural gas (RNG) and resource recovery facilities, with the management expecting 12 RNG facilities to become operational in 2026. The company is investing in robotics and optical sorters at recycling facilities that can lower human resources and improve operational efficiencies. Also, the company’s innovative approach to employee engagement and retention could support its growth in the coming quarters. Considering its growth prospects and healthy financials, I believe WCN will outperform over the next three years.

WELL Health Technologies

WELL Health Technologies (TSX:WELL) posted an excellent third-quarter performance earlier this month, with its revenue growing by 27% to $251.7 million. Strong organic growth of 23% boosted its sales, while acquisitions contributed 4%. The company witnessed solid double-digit growth across its three segments. It had 1.48 million patient visits and 2.24 million patient interactions, representing a 41% year-over-year growth in both segments. Supported by topline growth, its adjusted earnings before interest, tax, depreciation, and amortization grew by 16%.

Created with Highcharts 11.4.3Well Health Technologies PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Meanwhile, the growing adoption of virtual services, increased usage of software solutions in healthcare, and digitization of patient records have created a multi-year growth potential for WELL Health. The company continues to develop artificial intelligence-powered products that could improve patient outcomes. Its inorganic expansion looks solid, with 17 signed letters of intent and definitive agreements in the pipeline. Along with these growth prospects, the company’s cost-cutting initiatives could improve its profitability and cash flows. So, the company is confident of completing its future acquisitions through cash generated from its operations. Considering all these factors, I expect the uptrend in WELL Health’s stock price to continue.

Should you invest $1,000 in Bank of Montreal right now?

Before you buy stock in Bank of Montreal, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Bank of Montreal wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

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 Rajiv Nanjapla has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Investing

analyze data
Dividend Stocks

How I’d Invest $28,000 in Canadian Natural Resource Stock to Amass Personal Wealth

Investing in TSX dividend stocks such as Enbridge can help you earn a passive-income stream in 2025.

Read more »

hand stacks coins
Dividend Stocks

Got $400? How I’d Start Building Income With 3 High-Yield Stocks for the Long Term

These high-yield dividend stocks have a solid payout history, making them compelling investments to generate passive income.

Read more »

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Friday, April 4

With broad-based commodity weakness continuing and no resolution in sight on the trade front, the TSX could extend its decline…

Read more »

Canada day banner background design of flag
Tech Stocks

The Top Canadian Stock to Buy With $5,000 in 2025

There are few Canadian stocks out there that offer the outlook of this tech stock, bound for more growth.

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

I’d Put $15,000 in These 3 Dividend-Growth Champions for Increasing Income Potential

Want to offset some volatility? Here are three defensive dividend-growth champions that can generate a juicy yield right now.

Read more »

Cannabis business and marijuana industry concept as the shadow of a dollar sign on a group of leaves
Stocks for Beginners

Buy the Dip Before It’s Too Late: This Canadian Stock Won’t Stay Cheap Forever

Investors might think that cannabis stocks are out, but this one could be the top Canadian stock to consider.

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

Transform Your TFSA Into a Cash-Creating Machine With $7,000

Discover how the Tax-Free Savings Account can be your golden goose for generating cash without losing your investment.

Read more »

monthly desk calendar
Dividend Stocks

How I’d Invest $10,000 in Canadian Value Stocks for Monthly Dividend Income

A $10,000-diversified portfolio of value stocks focusing on dividend safety, yield, growth, and payment schedules can provide a reliable source…

Read more »