Friday, June 23, 2017 9:47:34 AM
IN FACT, THE CURRENT GROWTH ESTIMATE FOR THIS YEAR CALLS FOR EARNINGS-PER-SHARE GROWTH OF 92%.
SO IF YOU ARE LOOKING FOR A FAST GROWING STOCK THAT IS STILL SEEING PLENTY OF OPPORTUNITIES ON THE HORIZON, MAKE SURE TO CONSIDER ZNGA.
IMPRESSIVE ZACKS RANK SUGGESTS THAT ANALYSTS BELIEVE BETTER DAYS ARE AHEAD FOR ZNGA AS WELL.
TALE OF THE TAPE
IS ZYNGA (ZNGA) A GREAT GROWTH STOCK?
BY ZACKS EQUITY RESEARCH
PUBLISHED ON JUNE 23, 2017
ZNGA
Full Article
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 ZYNGA INC. (ZNGA - Free Report) . This firm, which is in the Gaming industry, saw EPS growth of 23.1% last year, and is looking great for this year too.
IN FACT, THE CURRENT GROWTH ESTIMATE FOR THIS YEAR CALLS FOR EARNINGS-PER-SHARE GROWTH OF 92%. Furthermore, the long-term growth rate is currently an impressive 22.5%, suggesting pretty good prospects for the long haul.
Zynga Inc. Price and Consensus
ZYNGA INC. PRICE AND CONSENSUS | ZYNGA 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 60%.
Thanks to this rise in earnings estimates, ZNGA HAS A ZACKS RANK #2 (BUY) WHICH FURTHER UNDERSCORES THE POTENTIAL FOR OUTPERFORMANCE IN THIS COMPANY. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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 ZNGA. Not only does it have double digit earnings growth prospect, but its IMPRESSIVE ZACKS RANK SUGGESTS THAT ANALYSTS BELIEVE BETTER DAYS ARE AHEAD FOR ZNGA AS WELL…
Source:
https://www.zacks.com/stock/news/265384/is-zynga-znga-a-great-growth-stock
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