Table of Contents
Table of Contents
Best Value Mid-Cap Stocks
Fastest-Growing Mid-Cap Stocks
Mid-Cap Stocks with the Most Momentum
- Markets News
Aspen Technology, RenaissanceRe Holdings, and Healthcare Realty Holdings lead mid-cap stocks in revenue growth
By
Noah Bolton
:max_bytes(150000):strip_icc()/IMG_7562-41-f0f4adc0bc1c43e5957c79d35129ff0d.jpg "Top Mid-Cap Stocks for Q2 2023 (1)")
Full Bio
Noah has about a year of freelance writing experience. He's worked on his investing website dealing with topics such as the stock market and financial advice for beginners.
Learn about our editorial policies
Published May 24, 2023
:max_bytes(150000):strip_icc()/GettyImages-1316693205-9a564b5613634df6930574ffac6939c6.jpg "Top Mid-Cap Stocks for Q2 2023 (2)")
Topmid-capitalizationstocks for the second quarter of 2023 include Super Micro Computer Inc. (SMCI), Wingstop Inc. (WING), and Celsius Holdings Inc. (CELH). The share prices of all three have more than doubled in the past year.
Mid-cap stocks, as represented by the , were up by 1% in the past 12 months compared with a 7% gain for theRussell 1000. Mid-cap stocks are commonly defined as those with a market value between $2 billion and $10 billion.
Here are the top three mid-cap stocks with the best value, the fastest growth, and the most momentum, respectively. All numbers below are as of May 16.
Best Value Mid-Cap Stocks
These are the mid-cap stocks with the lowest 12-month trailingprice-to-earnings (P/E)ratio. Because profits can be returned to shareholders in the form of dividends and buybacks, a low P/E ratio shows that you’re paying less for each dollar of profit generated.
| Best Value Mid-Cap Stocks | |||
|---|---|---|---|
| Price ($) | Market Cap ($B) | 12-Month Trailing P/E Ratio | |
| Southwestern Energy Co. (SWN) | 5.10 | 5.6 | 0.9 |
| PBF Energy Inc. (PBF) | 35.49 | 4.5 | 1.4 |
| Light & Wonder Inc. (LNW) | 60.20 | 5.5 | 1.6 |
Source:YCharts
- Southwestern Energy Co.: An oil and natural gas exploration company with properties located throughout the eastern U.S.
- PBF Energy Inc.:A petroleum refining company that supplies products such as gasoline, diesel, jet fuel, lubricants, and petrochemicals. On May 4, the company announced a CEO transition; the current CEO, Tom Nimbley, will become the executive chairman of the board of directors. And Mathew C. Lucey, the president, will take over the role of CEO, effective July 1. PBF Energy also announced a quarterly dividend of 20 cents a share, payable on May 31, and said it had repurchased almost 9 million shares of its common stock so far this year.
- Light & Wonder Inc.:This is a cross-platform gaming company. It produces gaming machines and digital gaming content for mobile and web platforms. On May 18, The company announced a proposal to acquire the remaining 17% of its partially owned subsidiary SciPlay Corp. (SCPL) for $422 million.
Fastest-Growing Mid-Cap Stocks
These are the top mid-cap stocks as ranked by agrowthmodel that scores companies based on a 50/50 weighting of their most recent quarterly year-on year (YOY) percentagerevenuegrowth and their most recent quarterly YOYearnings-per-share (EPS)growth.
Both sales and earnings are critical factors in the success of a company. Therefore, ranking companies by only one growth metric makes a ranking susceptible to the accounting anomalies of that quarter (such as changes in tax law or restructuring costs) that may make one or the other figure unrepresentative of the business in general. Companies with quarterly EPS or revenue growth of over 1,000% were excluded as outliers.
| Fastest-Growing Mid-Cap Stocks | ||||
|---|---|---|---|---|
| Price ($) | Market Cap ($B) | EPS Growth (%) | Revenue Growth (%) | |
| Aspen Technology Inc. (AZPN) | 167.55 | 10.9 | N/A (see company description) | 172 |
| RenaissanceRe Holdings Ltd. (RNR) | 198.78 | 8.7 | N/A (see company description) | 152 |
| Healthcare Realty Trust Inc. (HR) | 19.41 | 7.4 | N/A (see company description) | 144 |
Source:YCharts
- Aspen Technology Inc.: A software company that provides asset management services for the environmental industry. Note Aspen Technology doesn't have an EPS growth figure in the table above because the company reported a net loss per share in the most recent quarter.
- RenaissanceRe Holdings Ltd.: This is a Bermuda-based insurance product provider that specializes in property, specialty, and casualty insurance. RenaissanceRe recorded more than $500 million in investment income and investment gains in the most recent quarter, compared with a net loss of almost $600 million in the same quarter last year. That helped to nearly triple revenue and swing the company to profitability, with net income totaling $564 million. Note RenaissanceRe Holdings doesn't have an EPS growth figure in the table above because the company reported a $394 million net loss in the year-ago quarter.
- Healthcare Realty Trust Inc.: A REIT that owns and manages healthcare properties. On May 9, the company reported a first-quarter net loss of $88 million, swinging from a $42 million profit a year ago. The net loss was due to increased interest expenses and impairment of real estate properties, according to the company. Note Healthcare Realty Trust doesn't have an EPS growth figure in the table above because the company reported a net loss per share in the most recent quarter.
Mid-Cap Stocks with the Most Momentum
These are the mid-cap stocks that had the highest total return over the last 12 months.
| Mid-Cap Stocks with the Most Momentum | |||
|---|---|---|---|
| Price ($) | Market Cap ($B) | 12-Month Trailing Total Return (%) | |
| Super Micro Computer Inc. (SMCI) | 145.84 | 7.7 | 177 |
| Wingstop Inc. (WING) | 201.03 | 6.0 | 154 |
| Celsius Holdings Inc. (CELH) | 132.26 | 10.2 | 141 |
| Russell 1000 | N/A | N/A | 2 |
| S&P MidCap 400 | N/A | N/A | 1 |
Source:YCharts
- Super Micro Computer:An information technology company that develops server, storage, and artificial intelligence (AI) infrastructure software.
- Wingstop: Wingstop has franchise-owned restaurants that serve cook-to-order chicken wings and other related products. The company's share price has posted a sustained rally, rising to approximately $200 a share in early May 2023 from a 52-week low of about $70 per share in May 2022. On May 3, Wingstop reported first-quarter net income rose 81% from a year ago. The company opened 37 net new restaurants in the quarter and grew revenue by 43%.
- Celsius Holdings: Celsius Holdings distributes and sells flavored carbonated energy drinks and other liquid supplements under the Celsius, Celsius Heat, and Celsius On-The-Go brands. Celsius Holding's net income soared sixfold and total revenue nearly doubled in the first quarter of 2023 compared with the year before. The major increase in total sales primarily was attributed to a recent PepsiCo partnership, which has allowed Celsius to integrate into the PepsiCo distribution system and gain more exposure. After the earnings report, Celsius' stock price jumped by more than 20%.
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
FINRA. "Market Cap Explained."
Southwestern Energy Co. "Our History."
PBF Energy Inc. "PBF Energy Announces CEO Transition Plans."
PBF Energy Inc. "PBF Energy Announces First-Quarter 2023 Results and Declares Dividend of $0.20 Per Share."
Light & Wonder Inc. "Light & Wonder Announces Proposal to Acquire Remaining Public Shares of SciPlay."
Aspen Technology Inc. "Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2023."
RenaissanceRe Holdings Ltd. "RenaissanceRe Reports Q1 2023 Net Income Available to Common Shareholders of $564.1 Million; Operating Income Available to Common Shareholders of $360.0 Million," Page 1.
Healthcare Realty Trust Inc. "Healthcare Realty Trust Reports for the First Quarter."
Super Micro Computer Inc. "Supermicro Launches Industry's First NVIDIA HGX H100 8 and 4-GPU H100 Servers with Liquid Cooling—Reduces Data Center Power Costs by Up to 40%."
Yahoo! Finance. "Wingstop Inc. (WING)."
Wingstop Inc. "Wingstop Inc. Reports Fiscal First-Quarter 2023 Financial Results."
Celsius Holdings Inc. "Celsius Holdings Announces First-Quarter 2023 Financial Results," Page 1.
Yahoo! Finance. "Celsius Holdings Inc. (CELH)."
Compare Accounts
×
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Provider
Name
Description
Partner Links
Related Terms
What Is the Dow Jones Industrial Average (DJIA)?
The Dow Jones Industrial Average (DJIA) is a popular stock market index that tracks 30 U.S. blue-chip stocks.
more
Binance Coin (BNB) Uses, Support, and Market Cap
Binance Coin (BNB) is the ERC20-compliant native currency of the Binance exchange.
more
What a Stock Split Is and How It Works, With an Example
A stock split is when a company increases the number of its outstanding shares of stock to boost the stock's liquidity.
more
The Great Depression: Overview, Causes, and Effects
The Great Depression was a devastating and prolonged economic recession that followed the crash of the U.S. stock market in 1929.
more
What Are Shares? How They Compare to Stocks
Shares are a unit of ownership of a company that may be purchased by an investor.
more
What Is the Stock Market and How Does It Work?
The stock market consists of exchanges and over-the-counter markets where publicly held companies' stock shares and other financial securities are traded.
more
- About Us
- Terms of Service
- Dictionary
- Editorial Policy
- Advertise
- News
- Privacy Policy
- Contact Us
- Careers
- #
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- X
- Y
- Z
Investopedia is part of the Dotdash Meredithpublishingfamily.
We Care About Your Privacy
We and our 100 partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signaled to our partners and will not affect browsing data.
We and our partners process data to provide:
Store and/or access information on a device. Use limited data to select advertising. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Use limited data to select content.
