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Canadian stocks started April 2021 on a solid note, as the
TSX Composite Index continues to make new record highs each day. Here are five fundamentally strong stocks rallying in April that could help you gain big from the ongoing market rally.
Advantage Oil & Gas stock
Advantage Oil & Gas(TSX:AAV)(NYSE:AAV) is a Calgary-based energy firm with a market cap of $559 million. Its stock has risen 25.3% in April so far after falling 9% in March. With this, the stock has already risen by 39% in 2020 one so far.
In Q4 2020, Advantage Oil & Gas’s earnings turned positive again after posted adjusted net losses in a previous couple of quarters. The company reported adjusted net earnings of $0.13 per share in Q4 crushing analysts’ consensus estimate of $0.01 per share. Analysts now expect its revenue to rise by 58% to $370 million in 2021. On the profitability side, the company’s fourth-quarter EBIT margin expanded by 15 percentage points on a YoY (year-over-year) basis to 19.9%.
Uni-Select Inc. Reports 2020 Fourth Quarter and Full Year Highlights and Financial Results:
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Annualized savings of $33.0 million realized in 2020, mainly
from the Continuous Improvement Plan
;
Consolidated sales down 11.2% in Q4 and 15.4% in 2020 impacted by COVID‑19 and resulting in negative consolidated organic growth
(1) of 12.0% for Q4 and 15.3% for 2020, each segment s sales mirroring respective market and industry;
EBITDA
(1) and adjusted EBITDA margin
([1]
) of $23.9 million or 6.5% for Q4 and $88.8 million or 6.0% for 2020; a marked adjusted EBITDA margin
(1) improvement in the last half of 2020 in all segments; and
EPS of $(0.12) for Q4 and $(0.74) for 2020; adjusted EPS
(1) of $(0.03) for Q4 and $(0.18) for 2020.