3 Growth Stocks With Positive Revisions And Surprises

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That was an outstanding earnings season with more than 85% of S&P companies beating earnings expectations and over 75% topping revenue forecasts. With most of it now behind us, it’s a good time to revisit the EPS Growth, Revisions, and Positive Surprises screen.

The end of earnings season highlights the hottest stocks in the market that are enjoying upward momentum RIGHT NOW with a good chance of continuing to outperform moving forward.

Below are three names that recently passed this screen by securing a high Zacks Rank with upward earnings estimate revisions and positive surprises. Two of them are some of the biggest retailers in the world, while the third is an innovative name that operates in one of the brightest spots in the market.

Home Depot (HD Quick Quote HD - Free Report)

It’s all over for home improvement companies, right? Now that the pandemic is on its last legs and things are finally beginning to open up, people are just going to leave their places to the termites and get “back to normal”. They’re certainly not going to take advantage of the lowest interest rates in history to buy a new home. Right?  

The recent earnings report from Home Depot (HD Quick Quote HD - Free Report) suggests that’s wrong… very wrong. The company’s fiscal first-quarter report was one of the biggest releases in an extremely strong earnings season. In fact, analysts currently expect earnings growth of nearly 6% for the next fiscal year, which is really saying something for companies that performed well during the pandemic.  

HD is the world’s largest home improvement specialty retailer with more than 2,000 stores across the globe. It serves Do-It-Yourself (DIY) customers, Do-It-For-Me (DIFM) customers, and Professional customers. The shutdown and historically low-interest rates have benefited its DIY and Pro categories.

Shares of HD are up more than 32% over the past 12 months, including 21% this year alone. It has beaten the Zacks Consensus Estimate for four straight quarters with an average surprise of 9.9%.

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