- Oops!Something went wrong.Please try again later.
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 National Steel Company SID. This firm, which is in the Steel - Producers industry, saw EPS growth of 53.8% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for significant earnings-per-share growth. Furthermore, the long-term growth rate is currently an impressive 22.5%, suggesting pretty good prospects for the long haul.
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 56.5%. Thanks to this rise in earnings estimates, National Steel has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank stocks here.
National Steel Company Price and Consensus
National Steel Company price-consensus-chart | National Steel Company Quote
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider National Steel. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for National Steel as well.
Time to Invest in Legal Marijuana
If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027.
After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%
You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.
Today, Download Marijuana Moneymakers FREE >>
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
National Steel Company (SID) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research