by With Q2 earnings season upon us, here are 18 of the current top growth stocks that are expecting earnings growth of up to 2,900% in their next earnings report. Based in the UK Buford Capital (BUR) tops the list while Wall Street forecasts EPS growth of 877% copa (CPA) airline as the travel industry continues its upswing. service now (NOW) — a favorite of top mutual funds — projects earnings growth of 529% for the quarter and 630% for the year on consensus estimates.
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While researching an outbreak, database software plays a role splunk (SPLK) also manufactures this stock video. Analysts expect earnings growth of 406%.
Enterprise Software Company DigitalOcean (DOCN), which descends from the 2021 IPO class, has also found a spot on the list as it attempts to swim back towards the price top after a breakout earlier this month.
MercadoLibre (MELI) – the Amazon region of Latin America – deserves a mention as it attempts to revisit its 10-week moving average.
Top funds are investing in Apple, Microsoft, and those two sectors
Stocks screen to identify the current fastest growing stocks
To create this stock overview of today's fastest-growing companies, each growth stock must have a composite score of 95 or higher, meaning it passed the Stock Checkup. A composite rating of 95 means that each stock outperforms at least 95% of all stocks on key stock-picking characteristics.
Each of these top growth stocks must also have an EPS rating and an RS rating above 80 to demonstrate strong fundamental and technical strength. To qualify, these fastest-growing stocks must also have an A-SMR rating, which tracks revenue growth, annualized pre-tax profit margin, and return on equity.
To avoid thinly traded penny stocks, only the fastest-growing stocks that trade an average of at least 400,000 shares per day and have a share price of at least $12 are shown.
Growth stocks to buy and watch pending Q2 reports
This stock screen, created in MarketSmith, highlights top growth stocks that are forecasting EPS growth of 78% to 2,900% in their upcoming earnings report.
| Pursue | symbol | EPS Est Cur Qtr % | EPS Est Cur Yr % | competitive evaluation | EPS rating | RS rating | Ind Group RS | SMR rating | A/D evaluation |
|---|---|---|---|---|---|---|---|---|---|
| Burford Capital | BU | 2,900 | 76 | 98 | 82 | 96 | B- | A | B+ |
| copa | CPA | 877 | 81 | 99 | 83 | 93 | A+ | A | A- |
| VistaEnergy | VISIT | 531 | 59 | 97 | 83 | 98 | D | A | A |
| service now | NOW | 529 | 630 | 99 | 99 | 89 | A | A | B |
| Teekay tanker | TNK | 444 | 116 | 97 | 80 | 87 | B- | A | B- |
| splunk | SPLK | 406 | 20 | 96 | 81 | 81 | A+ | A | B- |
| front line | FRO | 217 | 53 | 97 | 80 | 89 | B- | A | B+ |
| Extreme networks | EXTRA | 208 | 66 | 99 | 91 | 97 | C | A | A+ |
| Wabash National | WNC | 188 | 87 | 95 | 82 | 94 | B- | A | B- |
| Dorian LPG | LPG | 183 | -1 | 97 | 97 | 96 | B- | A | B |
| First Citizen BancShares | FCNCA | 169 | 94 | 99 | 98 | 98 | B+ | A | B+ |
| Vitesse energy | VTS | 162 | -98 | 95 | 81 | 95 | B- | A | B |
| AAON | AAON | 119 | 49 | 99 | 98 | 94 | A | A | B |
| DigitalOcean | DOCN | 106 | 94 | 98 | 81 | 84 | A | A | B |
| North American construction | NOA | 103 | 4 | 96 | 98 | 95 | D+ | A | B+ |
| Banco Latinamer | BLX | 94 | — | 99 | 88 | 93 | B+ | A | B+ |
| International Sea Routes | INSW | 81 | 34 | 96 | 80 | 86 | B- | A | C+ |
| MercadoLibre | MELI | 78 | 86 | 95 | 81 | 90 | B+ | A | D |
3 Key Rules for Buying Today's Fastest-Growing Stocks
Keep in mind that earnings growth is just one factor to keep in mind when looking for the best stocks to buy and watch. Also, be sure to follow these three basic rules when buying stocks.
While this group of today's top-rated growth stocks has strong second-quarter earnings estimates, that doesn't necessarily mean they'll meet or beat Wall Street's expectations, or even climb higher if they do. Make sure you have and follow solid buying and selling rules.
Following a simple three-step routine will help you stay profitable, protected, and ready to capitalize on today's fastest-growing stocks when opportunities arise.
Track stocks scheduled for reporting with the IBD Earnings Calendar
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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