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 Owens Corning (OC - Free Report) . This firm, which is in the Building Products – Miscellaneous industry, saw EPS growth of 41.3% 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 21.3%. Furthermore, the long-term growth rate is currently an impressive 15.3%, suggesting pretty good prospects for the long haul.
Owens Corning 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 marginally. Thanks to this rise in earnings estimates, OC 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 OC. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for OC as well.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
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