Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is American Vanguard Corporation (NYSE:AVD) . This firm, which is in the Chemical - Specialty industry, saw EPS growth of 91.3% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 40.9%. Furthermore, the long-term growth rate is currently an impressive 15%, suggesting pretty good prospects for the long haul.
American Vanguard Corporation Price and Consensus
And if this wasn’t enough, the stock has actually seen estimates rise over the past two months for the current fiscal year by 3.3%. Thanks to this rise in earnings estimates, AVD has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider AVD. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AVD as well.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>
American Vanguard Corporation (AVD): Free Stock Analysis Report
Original post
Zacks Investment Research