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With Q4 earnings season getting underway, Nvidia (NVDA), which made IBD's list of top stocks in 2016, and financial services giant Morgan Stanley (MS) are among the top-rated stocks expected to post strong EPS growth. Who else makes the list?
The table, below, shows companies expected to post 50% or higher earnings growth for the fourth quarter.
By comparison, companies on the S&P 500 are expected to have a combined earnings growth rate of 5.8%, up from 4.3% in Q3, led by financial stocks (13.9%), according to Thomson Reuters. Energy companies will also return to profit growth (1.4%) after several quarters of steep declines and losses.
To make the list, each stock also has to have a 95 or better Composite Rating, meaning it's outperforming at least 95% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The stocks must also have a minimum average daily dollar volume of $8 million.
Plan, Prepare, Profit
Preparation is the key to making money during earnings season. Know when the stocks you're tracking are scheduled to report and have an earnings season action plan in place ahead of time so you're ready to act immediately if the buy signals you're looking for are triggered.
Stocks Expecting 50% Or Higher Earnings Growth In Q4 (Generated by MarketSmith)
Data as of Jan. 13, 2017
Click the tickers for the latest quotes and articles on the stocks.
Company Ticker EPS Est Cur Qtr % Composite Rating EPS Accel 3 Qtrs EPS Est Due Date Supernus Pharmaceuticals (SUPN) 325 96 Yes N/A Parsley Energy (PE) 300 95 No Feb. 22 M K S Instruments (MKSI) 194 98 Yes Jan. 25 Applied Materials (AMAT) 154 99 Yes Feb. 15 Advanced Energy (AEIS) 153 98 Yes Jan. 30 Semtech (SMTC) 106 98 Yes Feb. 28 Callon Petroleum (CPE) 100 99 Yes Feb. 28 Argan (AGX) 84 97 No Apr. 12 Coherent (COHR) 78 97 Yes Jan. 26 LegacyTexas Financial (LTXB) 63 99 Yes Jan. 24 Nvidia (NVDA) 60 99 Yes Feb. 15 Trex (TREX) 58 95 No Feb. 21 Hawaiian Holdings (HA) 55 96 No Jan. 24 Morgan Stanley (MS) 51 95 Yes Jan. 17