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Is Tactile Systems Technology (TCMD) a Great Growth Stock?
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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, 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 Tactile Systems Technology, Inc. (TCMD - Free Report) . This firm, which is in the Medical – Instruments industry, saw EPS growth of 200% 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 123.33%. Furthermore, the long-term growth rate is currently an impressive 20%, suggesting pretty good prospects for the long haul.
Tactile Systems Technology, Inc. Price and Consensus
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 9.8%. Thanks to this rise in earnings estimates, TCMD 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 TCMD. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for TCMD as well.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Is Tactile Systems Technology (TCMD) a Great Growth Stock?
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 Tactile Systems Technology, Inc. (TCMD - Free Report) . This firm, which is in the Medical – Instruments industry, saw EPS growth of 200% 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 123.33%. Furthermore, the long-term growth rate is currently an impressive 20%, suggesting pretty good prospects for the long haul.
Tactile Systems Technology, Inc. Price and Consensus
Tactile Systems Technology, Inc. Price and Consensus | Tactile Systems Technology, Inc. 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 9.8%. Thanks to this rise in earnings estimates, TCMD 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 TCMD. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for TCMD as well.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>