We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Growth investing is a widespread strategy deployed, with investors targeting companies expected to grow their earnings and revenues at an above-average level. It’s a development that commonly follows through to share outperformance.
These companies typically reinvest back into the business for expansion, commonly at the forefront of innovation. And for those seeking a group of strong growth stocks, Uber Technologies (UBER - Free Report) , Meta Platforms (META - Free Report) , and Salesforce (CRM - Free Report) could all be considerations.
Below is a chart illustrating the performance of each over the last year, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
Let’s take a closer look at each.
Uber Technologies
Uber’s latest set of better-than-expected quarterly results impressed the market, with shares enjoying bullish activity post-earnings. Concerning headline figures, Uber exceeded the Zacks Consensus EPS estimate by more than 300% and posted sales 2% ahead of expectations, reflecting year-over-year growth rates of 127% and 15%, respectively.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Analysts have raised their earnings outlooks across the board, landing the stock into a favorable Zacks Rank #2 (Buy). The stock remains a prime consideration for growth investors, with earnings forecasted to climb 33% on 16% higher sales in its current fiscal year.
Image Source: Zacks Investment Research
Impressively, UBER has posted double-digit percentage year-over-year sales growth in each of its last ten releases, with the stock carrying a Style Score of ‘A’ for Growth.
Meta Platforms
Meta shares have been on an absolute tear over the last year, adding nearly 170% on the back of robust quarterly results. The stock remains a Zacks Rank #1 (Strong Buy), with earnings expectations melting higher.
Image Source: Zacks Investment Research
Consensus expectations for its current year suggest 34% earnings growth on 18% higher sales, with FY25 earnings and revenue forecasted to see growth of 16% and 13%, respectively. The stock sports a Style Score of ‘A’ for Growth.
Image Source: Zacks Investment Research
In addition, shares aren’t overly rich regarding valuation given the growth profile, with the current 25.2X forward earnings multiple well below five-year highs of 37.1X and comparing favorably to the Zacks Internet Software industry average of 39.2X.
Salesforce
Salesforce, a Zacks Rank #2 (Buy), is the leading provider of on-demand Customer Relationship Management (CRM - Free Report) software, with shares seeing post-earnings positivity following back-to-back releases.
The revisions trend for its current fiscal year has remained bullish over the entire last year, with the $9.54 Zacks Consensus EPS estimate up 8% during the period and suggesting year-over-year growth of 16%.
Image Source: Zacks Investment Research
It’s worth noting that shares are busting out to all-time highs, notching a record daily close just on March 1st. Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions are present.
Image Source: Zacks Investment Research
Bottom Line
Above-average sales and earnings growth commonly leads to share outperformance, undoubtedly a welcomed development among investors.
And for those seeking companies with bright outlooks, all three above – Uber Technologies (UBER - Free Report) , Meta Platforms (META - Free Report) , and Salesforce (CRM - Free Report) – fit the strategy nicely.
In addition to rock-solid growth, all three sport a favorable Zacks Rank, providing bullish fuel.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
3 Top-Ranked Stocks to Buy for Big Growth
Growth investing is a widespread strategy deployed, with investors targeting companies expected to grow their earnings and revenues at an above-average level. It’s a development that commonly follows through to share outperformance.
These companies typically reinvest back into the business for expansion, commonly at the forefront of innovation. And for those seeking a group of strong growth stocks, Uber Technologies (UBER - Free Report) , Meta Platforms (META - Free Report) , and Salesforce (CRM - Free Report) could all be considerations.
Below is a chart illustrating the performance of each over the last year, with the S&P 500 blended in as a benchmark.
Image Source: Zacks Investment Research
Let’s take a closer look at each.
Uber Technologies
Uber’s latest set of better-than-expected quarterly results impressed the market, with shares enjoying bullish activity post-earnings. Concerning headline figures, Uber exceeded the Zacks Consensus EPS estimate by more than 300% and posted sales 2% ahead of expectations, reflecting year-over-year growth rates of 127% and 15%, respectively.
Below is a chart illustrating the company’s revenue on a quarterly basis.
Image Source: Zacks Investment Research
Analysts have raised their earnings outlooks across the board, landing the stock into a favorable Zacks Rank #2 (Buy). The stock remains a prime consideration for growth investors, with earnings forecasted to climb 33% on 16% higher sales in its current fiscal year.
Image Source: Zacks Investment Research
Impressively, UBER has posted double-digit percentage year-over-year sales growth in each of its last ten releases, with the stock carrying a Style Score of ‘A’ for Growth.
Meta Platforms
Meta shares have been on an absolute tear over the last year, adding nearly 170% on the back of robust quarterly results. The stock remains a Zacks Rank #1 (Strong Buy), with earnings expectations melting higher.
Image Source: Zacks Investment Research
Consensus expectations for its current year suggest 34% earnings growth on 18% higher sales, with FY25 earnings and revenue forecasted to see growth of 16% and 13%, respectively. The stock sports a Style Score of ‘A’ for Growth.
Image Source: Zacks Investment Research
In addition, shares aren’t overly rich regarding valuation given the growth profile, with the current 25.2X forward earnings multiple well below five-year highs of 37.1X and comparing favorably to the Zacks Internet Software industry average of 39.2X.
Salesforce
Salesforce, a Zacks Rank #2 (Buy), is the leading provider of on-demand Customer Relationship Management (CRM - Free Report) software, with shares seeing post-earnings positivity following back-to-back releases.
The revisions trend for its current fiscal year has remained bullish over the entire last year, with the $9.54 Zacks Consensus EPS estimate up 8% during the period and suggesting year-over-year growth of 16%.
Image Source: Zacks Investment Research
It’s worth noting that shares are busting out to all-time highs, notching a record daily close just on March 1st. Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions are present.
Image Source: Zacks Investment Research
Bottom Line
Above-average sales and earnings growth commonly leads to share outperformance, undoubtedly a welcomed development among investors.
And for those seeking companies with bright outlooks, all three above – Uber Technologies (UBER - Free Report) , Meta Platforms (META - Free Report) , and Salesforce (CRM - Free Report) – fit the strategy nicely.
In addition to rock-solid growth, all three sport a favorable Zacks Rank, providing bullish fuel.