3 Top Ranked Value Stocks Picking Up Momentum Now

There are a bunch of stock picks out there that have a great deal of value. However, if we invest in undervalued stocks, there doesn’t always seem to be movement following our purchase. Value stocks tend to be associated with slower growth and movement in price. Granted, if you hop on a good deal before others do, you have to wait for other buyers to come in so that the stock price can grow. Who wants to wait though?

We have identified three value picks, two of which have surged significantly over the past month. The other pick has come to be oversold, and just might be worth sitting on. The following stocks have been selected based on criterion of momentum, value, and earnings statistics.

Enova International, Inc. (NYSE:ENVA)

Enova International focuses on providing online financial services. It gives loans for customers in America, the United Kingdom, Australia, and Canada. The company is a Zacks Rank #1 (Strong Buy). It trades at a P/E of 7.06. The company has an earnings growth estimate for this year of 15.2%. It beat our EPS consensus estimate last quarter by 28.3%. There has been one positive analyst estimate revision in the last 60 days for the current quarter. 60 days ago, our consensus called for EPS of $0.53 for this quarter. However, the consensus has upgraded since then, and now calls for earnings of $0.69 per share.

Despite all these positives, the stock has lost over 19% of its value since March 24. There are indicators which suggest that the stock has been oversold. One of these indicators is the RSI reading. ENVA has an RSI of 28. Any reading below 30 suggests a stock has been oversold. A reading above 70 suggests that a stock is overbought. Enova reports its earnings on 5/5/15.

Employers Holdings, Inc. (NYSE:EIG)

Employers Holdings is a provider of workers compensation insurance. The insured individuals are intended to work for select small businesses from low to medium hazard industries. EIG is a Zacks Rank #1 (Strong Buy). The stock has a PE of 16.86. It doesn’t have the best PE, but its price is more than justified since Employers Holdings has a trailing twelve month PEG ratio of 0.1515, according Ycharts.

The company has a year over year earnings growth estimate from this quarter of 85%. 7 days ago, our EPS consensus called for earnings of $0.31 to be reported for this quarter. Our consensus estimate has gone up since then, though, and now calls for earnings of $0.37 per share this quarter. EIG has beaten our EPS consensus in each of the last 4 quarters, and by an average of 101.64%. Employers Holdings reports its earnings on 4/29/15.

PBF Energy Inc. (NYSE:PBF)

PBF is a petroleum refiner and supplier. It provides transportation fuels, heating oil, lubricants, and more. The company has a Zacks Rank #1 (Strong Buy). This rank along with the fact that the company has an Earnings Expected Surprise Prediction (ESP) of 2.22% makes PBF likely to beat on our earnings consensus when it reports on 4/30/15.

It’s worth noting that PBF doles out a hefty 3.5% dividend yield. Since March 10, the stock price is up about 16.3%. PBF has a PEG of 1.12, and a PE of 7.74. The consensus estimate 60 days ago called for EPS of $0.53 for this quarter. Now, our consensus has more than doubled, calling for earnings of $1.35 per share. PBF energy has beaten our EPS consensus estimate in 3 of the last 4 quarters, and by an average of 23.92%.

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