Send me real-time posts from this site at my email

3 Stocks to Buy on Skyrocketing 2018 Profits

As we head into 2018, many investors are beginning to evaluate their investment portfolios and make adjustments. But one thing that is unlikely to change in the New Year is the hunt for companies that are set to grow their bottom lines.

Investors are likely to keep their positions in the Apples AAPL and Alphabets GOOGL of the world in 2018, even after tech stocks helped send markets to new highs in 2017. However, it is never too early to look at other companies projected to see their earnings surge in the coming year—especially those stocks that don’t often appear in headlines.

With that said, let’s take a look at three great growth stocks with high Zacks Ranks, which are also poised to experience substantial EPS gains in 2018.

1.       Wynn Resorts, Limited WYNN

This resort and gaming giant is currently a Zacks Rank #1 (Strong Buy) and sports an “A” grade for Growth in our Style Scores system. Wynn also earned an overall “B” VGM score. In the fourth quarter of 2017, based on our current Zacks Consensus Estimates, Wynn is projected to see its EPS skyrocket by 163.66%. And this positive momentum looks like it will be carried over into 2018.

Within the last 60 days, the company has received five upward earnings estimate revisions for its full fiscal year 2018, sending our consensus estimate 46 cents higher over that timeframe. Furthermore, Wynn is expected to see its EPS jump by 20.82% to hit $6.45 in fiscal 2018. This substantial gain comes after the company’s 2017 earnings are projected to surge 57%.

2.       Arista Networks, Inc. ANET

Arista Networks delivers software-driven, cloud computing networking solutions for data centers. The company is currently a Zacks Rank #1 (Strong Buy) and rocks a “B” grade for Growth in our Style Scores system. Shares of Arista have soared 125.54% in 2017 but have slipped in the last four weeks, which could allow investors to buy on the dip.

Looking ahead to 2018, Arista’s earnings are expected to climb 15% to reach $6.14 per share, based on our current Zacks Consensus Estimates. This bottom line growth projection coincides with the company’s full-year 2017 expansion expectations, which currently calls for 61% EPS growth.

Our consensus estimate for ANET’s full-year 2018 earnings has improved by 61 cents in the last 60 days. During this same time frame, Arista has earned four upward earnings estimate revisions, against no downgrades.

3.       LendingTree, Inc. TREE

Shares of this online loan marketplace powerhouse have skyrocketed 208% this year and currently rest at their 52-week high. But Lending Tree stock could be poised to keep climbing in 2018. The company is currently a Zacks Rank #1 (Strong Buy) and sports a “B” grade for Growth.

Within the last 60 days, Lending Tree’s full-year 2018 Zacks Consensus Estimate has improved by 60 cents. In this same time frame, the company has earned two upward earnings estimate revisions for 2018, against no downgrades. The company is expected to see its top line jump by 23% in 2018, based on our Zacks Consensus Estimates. However, the company’s EPS is projected to double that growth rate to hit $5.35 per share in fiscal 2018, which would mark a 44.64% surge.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker 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
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
Arista Networks, Inc. (ANET): Free Stock Analysis Report
LendingTree, Inc. (TREE): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research