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Time to Focus on Amazon (AMZN) for Strong Earnings Growth Potential

Zacks

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, 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 Amazon.com, Inc. AMZN. This firm, which is in the Internet Commerce industry, saw significant EPS growth last year, and is looking great for this year too.

In fact, the current growth estimate for this year also calls for significant earnings-per-share growth. Furthermore, the long-term growth rate is currently an impressive 35.0% suggesting pretty good prospects for the long haul.

AMAZON.COM INC Price and Consensus


AMAZON.COM INC Price and Consensus | AMAZON.COM 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 2.3%. Thanks to this rise in earnings estimates, AMZN 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 AMZN. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for AMZN as well.

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