Back to top

Is Third Point Reinsurance (TPRE) a Great Growth Stock?
October 20, 2017

Read MoreHide Full Article

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, they 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 Third Point Reinsurance Ltd. (TPRE - Free Report) . This firm, which is in the Insurance-Property and Casualty industry, saw EPS growth of more than 100% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for significant earnings-per-share growth. Furthermore, the long-term growth rate is currently an impressive 15%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 5.4%. Thanks to this rise in earnings estimates, TPRE has Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can seethe 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 TPRE. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for TPRE as well.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Third Point Reinsurance Ltd. (TPRE) - free report >>


More from Zacks Tale of the Tape

You May Like