Facebook (FB) climbs to new highs on Q2 beat >>> READ MORE

Etsy, Inc. (ETSY) Offers Strong Earnings Growth Potential

Strong numbers and strong momentum should lift ETSY stock

   

Etsy, Inc. (NASDAQ:ETSY) has put together a great run in the last 12 months. But can ETSY keep it up in the second half of 2017?

etsy stockBased on recent Etsy earnings, the answer is: yes.

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 Etsy, Inc. ETSY stock, which is in the Internet – Services industry, saw EPS growth of 53.3% 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 90.5%. Furthermore, the long-term growth rate is currently an impressive 20.0%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, ETSY stock has actually seen estimates rise over the past month for the current fiscal year by about 61.9%. Thanks to this rise in earnings estimates, ETSY 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 ETSY. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ETSY as well.

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple’s 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>


Article printed from InvestorPlace Media, http://investorplace.com/2017/07/etsy-inc-nasdaq-etsy-earnings-growth/.

©2017 InvestorPlace Media, LLC