As an investor or trader, staying ahead of the market and identifying stocks with strong growth potential is crucial. In this article, we will delve into three stocks that not only demonstrate solid growth characteristics but also carry a favorable buy rank. These stocks have shown positive trends and have witnessed increasing earnings estimates over the last 60 days.
Pure Storage, Inc. (PSTG)
Pure Storage is a data storage technologies company that has been ranked #1 by Zacks. The Zacks Consensus Estimate for its current year earnings has increased by 2.9% in the last 60 days. With a PEG ratio of 1.56 compared to the industry average of 1.80, Pure Storage is seen as a favorable choice for growth-oriented investors. Moreover, it boasts a strong Growth Score of A.
Key Takeaway: Pure Storage, Inc. presents a promising investment opportunity with its strong growth potential and positive earnings outlook.
H&E Equipment Services, Inc. (HEES)
H&E Equipment Services is a leading integrated equipment services company with a Zacks Rank #1. Over the last 60 days, the Zacks Consensus Estimate for its current year earnings has risen by 8.4%. The company has a PEG ratio of 0.67, lower than the industry average of 0.71, indicating its potential for growth. H&E Equipment Services has also been assigned a Growth Score of B, further highlighting its favorable prospects.
Key Takeaway: H&E Equipment Services, Inc. offers an attractive investment opportunity with its strong growth characteristics and positive earnings momentum.
e.l.f. Beauty, Inc. (ELF)
e.l.f. Beauty is a prominent cosmetic and skincare products company that carries a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings has grown by 2.1% in the last 60 days. With a PEG ratio of 1.75 compared to the industry average of 2.60, e.l.f. Beauty stands out as a promising choice for growth-oriented investors. The company has also received a stellar Growth Score of A.
Key Takeaway: e.l.f. Beauty, Inc. presents an appealing investment opportunity with its strong growth potential and positive earnings forecast.
Conclusion
Investing in growth stocks can lead to substantial returns over the long run. Pure Storage, Inc., H&E Equipment Services, Inc., and e.l.f. Beauty, Inc. have all demonstrated strong growth characteristics and have seen increasing earnings estimates in recent months. These stocks not only offer solid growth potential but also carry favorable buy ranks according to Zacks. Consider adding these stocks to your portfolio for a potential boost in returns.
Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official position of Nasdaq, Inc.
Sources: Pure Storage, Inc. Price and Consensus, Pure Storage, Inc. PEG Ratio (TTM), H&E Equipment Services, Inc. Price and Consensus, H&E Equipment Services, Inc. PEG Ratio (TTM), e.l.f. Beauty Price and Consensus, e.l.f. Beauty PEG Ratio (TTM)
