Looking For A Growth Stock? Why It Is Time To Focus On Lumentum Holdings (LITE)

By Zacks Investment ResearchStock MarketsOct 05, 2016 11:25PM ET

www.investing.com/analysis/%E9%BB%84%E9%87%91%E5%B0%8F%E5%B9%85%E4%B8%8B%E8%B7%8C-%E5%85%B3%E6%B3%A8%E6%99%9A%E9%97%B4%E9%9D%9E%E5%86%9C-200157541

Looking For A Growth Stock? Why It Is Time To Focus On Lumentum Holdings (LITE)

By Zacks Investment Research | Oct 05, 2016 11:25PM ET

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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 Lumentum Holdings Inc. (NASDAQ:LITE) . This firm, which is in the Lasers-Systems/Components industry, saw EPS growth of 108.3% 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 64.0%. Furthermore, the long-term growth rate is currently an impressive 18.5% suggesting pretty good prospects for the long haul.

LUMENTUM HLDGS Price and Consensus

LUMENTUM HLDGS Price and Consensus | LUMENTUM HLDGS Quote

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 1.2%. Thanks to this rise in earnings estimates, LITE has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank 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 LITE. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for LITE as well.

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LUMENTUM HLDGS (LITE): Free Stock Analysis Report

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Looking For A Growth Stock? Why It Is Time To Focus On Lumentum Holdings (LITE)

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