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5 Large-Cap Growth Stocks That Aren’t Done

Analysts expect huge growth from these stocks for years to come

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American Tower

AMT185Market Cap: $28 billion
Expected 5-year EPS Growth: 27%

American Tower (AMT) has grown earnings during the past few years for an obvious reason: It’s a leader in a booming industry. As everything moves to wireless, AMT provides the infrastructure that makes it possible — and not just here in the U.S., but in 11 countries on five continents.

The result? Nearly 50% annualized growth during the past few years, and one eye-popping stock run. As of just a couple months ago, AMT had more than quadrupled from its recession lows.

However, AMT pivoted off those highs in May and now is sitting nearly 8% in the red year-to-date. Plus, it has missed analyst earnings estimates in three of the past four quarters, while the consensus for the current year has slowly been slipping in recent months.

Still, the company’s next five years are expected to be anything but stagnant. Earnings per share are slated for a 61% improvement this year, a 24% improvement next year and an average 27% improvement annually over the next half-decade.

As of this writing, Alyssa Oursler did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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