Advertisement
New Zealand markets open in 9 hours 36 minutes

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5958
    +0.0022 (+0.36%)
     

  • NZD/EUR

    0.5557
    +0.0012 (+0.21%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.18
    +0.37 (+0.45%)
     

  • GOLD

    2,339.40
    +1.00 (+0.04%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,102.54
    +62.16 (+0.77%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,005.15
    -83.55 (-0.46%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • NZD/JPY

    92.6540
    +0.5390 (+0.59%)
     

Why FleetCor (FLT) Could Be an Impressive Growth Stock

Zacks Equity Research
Updated

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, they 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 FleetCor Technologies, Inc. FLT. This firm, which is in the Financial Transaction Services industry, saw EPS growth of 23.4% 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 14.5%. Furthermore, the long-term growth rate is currently an impressive 16.5%, suggesting pretty good prospects for the long haul.

FleetCor Technologies, Inc. Price and Consensus

FleetCor Technologies, Inc. Price and Consensus | FleetCor Technologies, Inc. Quote

ADVERTISEMENT

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 0.1%. Thanks to this rise in earnings estimates, FLT 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 (Strong Buy) Rank 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 FLT. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for FLT as well.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


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
 
FleetCor Technologies, Inc. (FLT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research