Credit: Shutterstock photoGrowth 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, these 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 The Charles Schwab Corporation ( SCHW ) . This firm, which is in the Financial - Investment Bank industry, saw EPS growth of over 34% 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 27.9%. Furthermore, the long-term growth rate is currently an impressive 17.2% suggesting pretty good prospects for the long haul.
The Charles Schwab Corp. Price and Consensus
The Charles Schwab Corp. Price and Consensus | The Charles Schwab Corp. 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 3.6%. Thanks to this rise in earnings estimates, SCHW 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 (Strong Buy) 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 SCHW. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for SCHW as well.
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks - absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Charles Schwab Corp. (SCHW): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
