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Looking for a Growth Stock? Why It is Time to Focus on Momo (MOMO)
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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 Momo Inc. (MOMO - Free Report) . This firm, which is in the Internet - Software and Services industry, saw a significant EPS growth 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 of 43.7%. Furthermore, the long-term growth rate is currently an impressive 22%, suggesting pretty good prospects for the long haul.
And if this wasn’t enough, the stock has actually seen estimates rise over the past two months for the current fiscal year by about 12.4%. Thanks to this rise in earnings estimates, MOMO has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank 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 MOMO. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for MOMO as well.
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>
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Looking for a Growth Stock? Why It is Time to Focus on Momo (MOMO)
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 Momo Inc. (MOMO - Free Report) . This firm, which is in the Internet - Software and Services industry, saw a significant EPS growth 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 of 43.7%. Furthermore, the long-term growth rate is currently an impressive 22%, suggesting pretty good prospects for the long haul.
Momo Inc. Price and Consensus
Momo Inc. Price and Consensus | Momo Inc. Quote
And if this wasn’t enough, the stock has actually seen estimates rise over the past two months for the current fiscal year by about 12.4%. Thanks to this rise in earnings estimates, MOMO has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank 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 MOMO. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for MOMO as well.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X 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>>