The gains that powerhouse corporations like Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) continue to make have helped spur the rise of growth-focused investing. Today, these tech players can send the S&P 500 soaring with even the slightest gains.
However, there are less well-known companies that also operate in relatively new and growing sectors of the economy and present outsized growth potential. Finding stocks in these potentially booming industries can be a good investment strategy.
With that said, growth investors must always look for companies that currently offer solid fundamentals and present real expectations for top and bottom line expansion.
One company that currently fits this mold is GrubHub Inc. . The company is currently a Zacks Rank #2 (Buy) and sports a “B” grade for Growth in our Style Scores system.
Now, let’s take a look at why growth investors might want to consider this internet and mobile delivery service standout.
Based on our current consensus estimates, GrubHub’s earnings are expected to climb almost 33% in the fourth quarter. The company’s full-year EPS is projected to surge 27.31%.
On top of that, GrubHub’s revenues are projected to soar over 46% year-over-year to hit $201.17 million in the holiday quarter. Along with this quarterly top line growth, the company’s sales are expected to climb 37% to $679.42 million for the full year.
Investors might also be excited to find out that GrubHub has met or beat earnings estimates in nine of the last 10 quarters.
Furthermore, GrubHub shares have skyrocketed almost 66% since the start of the year, which crushes the S&P 500’s 12.67% average and also tops its industry’s 22.75% upward movement. And within the last four weeks alone, GrubHub has seen its stock price surge over 20%.
GrubHub does currently rest near its 52-week high, but if it is able to grow at the rates it is projected to, it should not be hard for its stock price to keep on climbing.
Based on its great Zacks Rank and real current growth-focused metrics, GrubHub might just be a stock to take a bite of.
Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The gains that powerhouse corporations like Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) continue to make have helped spur the rise of growth-focused investing. Today, these tech players can send the S&P 500 soaring with even the slightest gains.
However, there are less well-known companies that also operate in relatively new and growing sectors of the economy and present outsized growth potential. Finding stocks in these potentially booming industries can be a good investment strategy.
With that said, growth investors must always look for companies that currently offer solid fundamentals and present real expectations for top and bottom line expansion.
One company that currently fits this mold is GrubHub Inc. . The company is currently a Zacks Rank #2 (Buy) and sports a “B” grade for Growth in our Style Scores system.
Now, let’s take a look at why growth investors might want to consider this internet and mobile delivery service standout.
Based on our current consensus estimates, GrubHub’s earnings are expected to climb almost 33% in the fourth quarter. The company’s full-year EPS is projected to surge 27.31%.
On top of that, GrubHub’s revenues are projected to soar over 46% year-over-year to hit $201.17 million in the holiday quarter. Along with this quarterly top line growth, the company’s sales are expected to climb 37% to $679.42 million for the full year.
Investors might also be excited to find out that GrubHub has met or beat earnings estimates in nine of the last 10 quarters.
Furthermore, GrubHub shares have skyrocketed almost 66% since the start of the year, which crushes the S&P 500’s 12.67% average and also tops its industry’s 22.75% upward movement. And within the last four weeks alone, GrubHub has seen its stock price surge over 20%.
GrubHub does currently rest near its 52-week high, but if it is able to grow at the rates it is projected to, it should not be hard for its stock price to keep on climbing.
Based on its great Zacks Rank and real current growth-focused metrics, GrubHub might just be a stock to take a bite of.
Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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