In fact, the current growth estimate for this year calls for earnings-per-share growth of 396.1%. Furthermore, the long-term growth rate is currently an impressive 24.2% 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 38.2%. Thanks to this rise in earnings estimates, TSLA has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider TSLA. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for TSLA as well.
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