With the Q1 earnings numbers around the corner, Airbnb (ABNB), Arista Networks (A NET) And Palo Alto Networks (PANW) are among 11 top-notch growth stocks to look for big earnings per share in their upcoming reports.
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In order to perform this stock screening, ABNB stock and all other earnings estimates for Q1 or the current fiscal quarter must be at least 50%. Airbnb comes in at the top with consensus estimates calling for a whopping 667% EPS growth when the company reports in early May.
Other top growth stocks on the list are Shift4 payments (FOUR), Fortinet (FTNT), Catalyst Pharmaceuticals (CPR), Allegro MicroSystems (ALGM) and IPO in 2023 Vitesse energy (VTS).
While VTS shares are not on the IPO GuideFOUR and ALGM stocks have found a spot on this screen of premier IPO stocks to watch.
IBD stock listings highlight several other stocks including Aristia Networks, Shift4 Payments and Catalyst Pharmaceuticals, which joins Allegro MicroSystems IBD 50.
ANET and FTNT have earned a spot on the IBD Big Cap 20. Fortinet also recently returned to IBD Long-Term Leaders, while CPRX and ANET shares passed the muster IBD Sector Leader.
ABNB stock is among the fastest growing stocks today
To create this stock screening of today’s fastest-growing companies, each stock must have a composite rating of 95 or higher, indicating a passing grade inventory check. A composite rating of 95 means that each stock outperforms at least 95% of all stocks on key stock-picking traits.
ALGM, CPRX, FOUR, FTNT, PANW and ANET all have the highest possible composite rating of 99. ABNB stock is just behind with a very strong 98 CR.
Each of these top growth stocks must also have an EPS rating and an RS rating above 80 to demonstrate strong fundamental and technical strength. To qualify, these fastest-growing stocks must also have an A SMR rating, which tracks revenue growth, annualized pre-tax profit margins, and return on equity.
To avoid thinly traded penny stocks, the screen includes only the fastest-growing stocks that trade on average at least 400,000 shares per day and have a share price of at least $12.
How to buy stocks with stock charts
Growth stocks to buy and watch
This stock screen, created in MarketSmith, highlights top growth stocks that are forecasting EPS growth of 53% to 667% in the first quarter or fiscal quarter to date.
| Pursue | symbol | EPS estimate current Q | Comp Rating | EPS rating | RS rating | Industry Group RS | SMR rating |
|---|---|---|---|---|---|---|---|
| Airbnb | ABNB | 667% | 98 | 80 | 89 | A+ | A |
| Par Pacific | PARR | 493 | 96 | 80 | 98 | B | A |
| copa | CPA | 331 | 97 | 81 | 91 | B+ | A |
| Vitesse energy | VTS | 162 | 95 | 82 | 94 | B- | A |
| Shift4 payments | FOUR | 133 | 99 | 80 | 96 | B | A |
| Catalyst Pharmaceuticals | CPR | 78 | 99 | 99 | 97 | B | A |
| Allegro MicroSystems | ALGM | 71 | 99 | 99 | 98 | A+ | A |
| Interactive Brokers | IBKR | 68 | 98 | 97 | 90 | A- | A |
| Arista Networks | A NET | 60 | 99 | 98 | 95 | B- | A |
| Palo Alto Networks | PANW | 55 | 99 | 97 | 90 | C+ | A |
| Fortinet | FTNT | 53 | 99 | 99 | 90 | C+ | A |
Data as of March 30, 2023
3 Key Rules for Buying Today’s Fastest-Growing Stocks
Remember that earnings growth is just one factor to track when looking for the best stocks to buy and watch. Also, be sure to follow these three basic rules for buying stocks.
While these fastest-growing stocks have strong earnings estimates for Q1, that doesn’t necessarily mean they’ll meet or beat Wall Street’s expectations or shoot higher if they do. Make sure you have and follow solid buying and selling rules.
Following a simple three-step routine will help you stay profitable, protected, and ready to capitalize on today’s fastest-growing stocks when opportunities arise.
Track stocks to report with the IBD earnings calendar
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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Source : www.investors.com