On December 22, three stocks with strong growth potential were identified by Zacks Investment Research. RenaissanceRe Holdings Ltd. (RNR), a reinsurance firm, holds a Zacks Rank #1, with a consensus estimate for current year earnings up 27.6% over the last 60 days. Its PEG ratio stands at 1.61, below the industry average of 1.81.
Phibro Animal Health Corporation (PAHC), also ranked #1, has seen a 9.1% increase in its current year earnings estimate during the same period. Its PEG ratio is notably lower at 1.14 compared to the industry average of 2.89. Lastly, Dycom Industries, Inc. (DY), another stock with a Zacks Rank #1, reflects a 7% increase in earnings estimates. Its PEG ratio is 1.77, compared to 3.06 for the industry.
