The coronavirus pandemic has disrupted economies all over the world. Yet, as the stock market tries to keep fueling its remarkable recovery, some of the fastest-growing companies, like Zoom Video (ZM), Nvidia (NVDA), Amazon.com (AMZN) and Advanced Micro Devices (AMD), are still expecting big earnings growth for 2020.
XZoom Video leads this list of today's fastest-growing companies, expecting 711% EPS growth for the full year.
Virtu Financial (VIRT), PennyMac Financial Services (PFSI) and Etsy (ETSY) are also expecting triple-digit earning growth this year.
Fastest-Growing Companies Expecting 52%-711% EPS Gains
Not surprisingly, many of the companies have also earned spots on various IBD stock lists that have outperformed the S&P 500.
Meanwhile, Amazon, Nvidia, AMD, Futu, Etsy, PennyMac, Crocs (CROX), Taiwan Semiconductor (TSM) and Big Lots (BIG), are all on the IBD 50 list of top growth stocks. And Zoom Video, AMD, Etsy and Nvidia have also joined the IBD Big Cap 20.
In a further sign of stock market strength, AMD, Nvidia, JD.com (JD) and TSM stock have also earned spots on IBD Leaderboard.
Similarly, Yeti (YETI), which is also among the fastest-growing stocks, secured placement on the IPO Leaders screen.
Three Key Winning Stock Traits
However, earnings growth is just one of the CAN SLIM traits of winning stocks. When evaluating a stock, investors should focus on three core factors that impact a stock's performance, including general market health. But whenever you come across stocks like Zoom Video, Etsy, PennyMac and Virtu Financial that are posting triple-digit earnings growth, it's worth taking a look.
The stock market may or may not be currently in an uptrend. (It is right now.) And the stocks you're reviewing may or may not be in a buy zone or forming a proper stock chart pattern. But it always pays to keep the fastest-growing stocks on your radar screen.
IBD's study of more than 100 years of market history shows that stocks like Zoom Video, Amazon, Nvidia, AMD and countless others make their biggest moves when earnings growth, technical action and general stock market direction all come together.
To make this list of fastest-growing stocks, each stock must have consensus analyst estimates calling for at least 50% earnings growth in 2020. Each company must also have a 95 or higher Composite Rating. That indicates the stock is outperforming at least 95% of all stocks in terms of the most important stock-picking criteria.
Follow upcoming earnings reports with this earnings calendar.
Fastest-Growing Companies In 2020
List created in MarketSmith | Data as of 12/3/20
| Company | Symbol | Est EPS Cur Yr % | EPS % Chg Last Qtr | EPS Rating | RS Rating | Comp Rating |
|---|---|---|---|---|---|---|
| Zoom Video Comm Cl A | ZM | 711 | 1000 | 84 | 98 | 99 |
| Alpha Pro Tech Ltd | APT | 678 | 1833 | 98 | 89 | 98 |
| Quidel Corp | QDEL | 501 | 726 | 99 | 94 | 99 |
| Futu Holdings Cl A Ads | FUTU | 494 | 1800 | 84 | 98 | 99 |
| PennyMac Financial Svcs | PFSI | 311 | 366 | 99 | 89 | 97 |
| Sportsmans Warehse Hldgs | SPWH | 219 | 485 | 86 | 89 | 97 |
| Daqo New Energy Corp Ads | DQ | 194 | 175 | 91 | 99 | 99 |
| Etsy Inc | ETSY | 180 | 483 | 99 | 97 | 99 |
| Genmab A/S Ads | GMAB | 125 | 8 | 93 | 82 | 99 |
| Big Lots Inc | BIG | 113 | 419 | 92 | 96 | 97 |
| Advanced Energy Inds | AEIS | 109 | 207 | 89 | 90 | 99 |
| Inphi Corp | IPHI | 108 | 96 | 93 | 92 | 99 |
| Advanced Micro Devices | AMD | 92 | 128 | 99 | 92 | 99 |
| Ensign Group Inc | ENSG | 88 | 95 | 93 | 90 | 99 |
| Logitech Intl Sa | LOGI | 82 | 274 | 99 | 92 | 99 |
| PerkinElmer Inc | PKI | 75 | 97 | 97 | 85 | 99 |
| Hologic Inc | HOLX | 75 | 218 | 93 | 82 | 97 |
| Williams Sonoma Inc | WSM | 69 | 151 | 96 | 88 | 99 |
| Nvidia Corp | NVDA | 68 | 63 | 97 | 92 | 99 |
| JD.com Inc Cl A Ads | JD | 66 | 72 | 97 | 93 | 99 |
| Teradyne Inc | TER | 59 | 53 | 98 | 92 | 99 |
| Taiwan Semiconductor Adr | TSM | 58 | 46 | 90 | 92 | 98 |
| Crocs Inc | CROX | 58 | 65 | 99 | 95 | 99 |
| Yeti Holdings Inc | YETI | 56 | 126 | 81 | 93 | 98 |
| MKS Instruments Inc | MKSI | 55 | 72 | 95 | 81 | 99 |
| Sleep Number Corp | SNBR | 53 | 90 | 85 | 92 | 95 |
| Amazon.com | AMZN | 52 | 192 | 99 | 84 | 97 |
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
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