With Q2 earnings season just around the corner, here are 21 of today’s top growth stocks expecting up to 877% earnings growth in their next quarterly report. With airline stocks taking flight, Copa (CPA) leads the list, joined by Delta Air Lines (DAL). ServiceNow (NOW), Splunk (SPLK) and solar stocks Array Technologies (ARRY) and Shoals Technologies (SHLS) also find their place in the sun.
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In a sign of institutional demand, a large contingent of names on this stock screen also make the latest list of new buys by the best mutual funds. Copa, Workday, ServiceNow, Splunk, Array Technologies, Fortinet (FTNT), Synopsys (SNPS), Lamb Weston (LW) and MercadoLibre (MELI) all earn that honor.
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Screen For Top Growth Stocks
To make this stock screen of today’s fastest-growing companies, each growth stock must have a 95 or higher Composite Rating, indicating a passing grade in Stock Checkup. A 95 Composite Rating means each stock is outperforming at least 95% of all stocks in terms of the most important stock-picking traits.
Each of these top growth stocks must also have an EPS Rating and RS Rating above 80 to show strong fundamental and technical strength. To qualify, these fastest-growing stocks must also sport an A SMR Rating, which tracks sales growth, annual pretax profit margins and return on equity.
To avoid thinly traded penny stocks, the screen only includes the fastest-growing stocks that trade at least 400,000 shares a day on average and have a share price of at least $12.
Growth Stocks To Buy And Watch As Q2 Reports Loom
Created in MarketSmith, this stock screen highlights top growth stocks expecting 50% to 877% EPS growth in their upcoming quarterly report.
Company | Symbol | EPS Est Cur Qtr % | EPS Est Cur Yr % | Comp Rating | EPS Rating | RS Rating | Ind Group RS | SMR Rating | A/D Rating |
---|---|---|---|---|---|---|---|---|---|
Copa | CPA | 877 | 81 | 99 | 83 | 92 | A+ | A | B+ |
Vista Energy | VIST | 531 | 59 | 97 | 83 | 98 | E | A | A |
ServiceNow | NOW | 529 | 630 | 99 | 99 | 89 | A | A | B |
Teekay Tankers | TNK | 444 | 116 | 97 | 80 | 89 | C+ | A | C+ |
Splunk | SPLK | 404 | 20 | 97 | 81 | 84 | A+ | A | B- |
Frontline | FRO | 217 | 53 | 95 | 80 | 87 | C+ | A | C+ |
Extreme Networks | EXTR | 208 | 66 | 99 | 91 | 97 | B- | A | A+ |
Dorian LPG | LPG | 183 | -1 | 97 | 97 | 96 | C+ | A | C |
Array Technologies | ARRY | 93 | 126 | 95 | 80 | 89 | D+ | A | B |
Shoals Technologies | SHLS | 87 | 53 | 95 | 99 | 82 | D+ | A | B- |
MercadoLibre | MELI | 80 | 87 | 95 | 81 | 89 | B+ | A | D- |
Interactive Brokers | IBKR | 68 | 41 | 98 | 98 | 82 | C | A | C |
Fortinet | FTNT | 67 | 33 | 99 | 99 | 90 | A- | A | B |
Novo Nordisk | NVO | 65 | 47 | 97 | 94 | 85 | C+ | A | D |
Delta Air Lines | DAL | 62 | 90 | 99 | 82 | 94 | A+ | A | A+ |
Lamb Weston Holdings | LW | 61 | 117 | 95 | 86 | 90 | D | A | C+ |
Paccar | PCAR | 56 | 37 | 96 | 91 | 89 | C- | A | C |
Terex | TEX | 55 | 39 | 96 | 84 | 96 | C+ | A | B- |
Allegro MicroSystems | ALGM | 54 | 12 | 99 | 99 | 94 | A+ | A | C+ |
Synopsys | SNPS | 50 | 26 | 96 | 90 | 88 | A | A | D+ |
Workday | WDAY | 50 | 46 | 99 | 98 | 91 | A | A | B- |
3 Key Rules For How To Buy Today’s Fastest-Growing Stocks
Keep in mind that earnings growth is just one factor to track when looking for the best stocks to buy and watch. In addition, make sure to follow these three key rules for how to buy stocks.
While this crop of today’s top-rated growth stocks shows strong earnings estimates for Q2, it doesn’t necessarily mean they’ll meet or beat Wall Street expectations or shoot higher if they do. Be sure to have and follow sound buy rules and sell rules.
Following a simple three-step routine helps you stay profitable and protected, and ready to take advantage of today’s fastest-growing stocks when opportunities arise.
Track Stocks Set To Report With The IBD Earnings Calendar
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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Source: https://www.investors.com/research/growth-stocks-q2-earnings-estimates/?src=A00220&yptr=yahoo