We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why Growth Investors Should Consider PayPal (PYPL) Stock
Read MoreHide Full Article
Growth stocks can be some of the most exciting picks in the market. Not only do these types of stocks captivate investors’ attention, but they’re known for producing big gains as well. However, these types of equites can easily lose momentum when a growth story ends, so it’s vital to find companies still experiencing strong growth prospects in their business.
One company that investors should pay attention to is PayPal Holdings (PYPL - Free Report) . PayPal is an online payment service that lets individuals and businesses transfer money electronically; the company also owns Venmo, a mobile, peer-to-peer money transfer service similar to Square’s (SQ - Free Report) Square Cash and Alphabet’s (GOOGL - Free Report) Google Wallet, but with a social media spin.
PayPal, which is in the Internet-Software industry, reported EPS growth of over 16% last year. This past quarter, earnings of 46 cents per share beat our consensus estimate and grew over 31% year-over-year; the company’s overall impressive results led to a raise in full-year guidance for both earnings and revenues.
The rest of this year looks promising, with current growth estimates for fiscal 2017 calling for about 25.5% EPS growth; PayPal expects long-term earnings growth of 17.5%. The stock has seen estimates rise over the past month for the current fiscal year by 1.14%, while 19 analysts have revised their estimates upwards for the same time compared to none lower.
PayPal Holdings, Inc. Price, Consensus and EPS Surprise
Investors looking for a fast-growing stock that still has plenty of opportunities on the horizon, make sure to consider PYPL. Thanks to this rise in estimates, PayPal is a Zacks Rank #2 (Buy), further underscoring its potential. With double-digit earnings growth in its near future and an impressive Zacks Rank, this combination suggests that analysts believe even better earnings days are ahead for the thriving digital payments company.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Why Growth Investors Should Consider PayPal (PYPL) Stock
Growth stocks can be some of the most exciting picks in the market. Not only do these types of stocks captivate investors’ attention, but they’re known for producing big gains as well. However, these types of equites can easily lose momentum when a growth story ends, so it’s vital to find companies still experiencing strong growth prospects in their business.
One company that investors should pay attention to is PayPal Holdings (PYPL - Free Report) . PayPal is an online payment service that lets individuals and businesses transfer money electronically; the company also owns Venmo, a mobile, peer-to-peer money transfer service similar to Square’s (SQ - Free Report) Square Cash and Alphabet’s (GOOGL - Free Report) Google Wallet, but with a social media spin.
PayPal, which is in the Internet-Software industry, reported EPS growth of over 16% last year. This past quarter, earnings of 46 cents per share beat our consensus estimate and grew over 31% year-over-year; the company’s overall impressive results led to a raise in full-year guidance for both earnings and revenues.
The rest of this year looks promising, with current growth estimates for fiscal 2017 calling for about 25.5% EPS growth; PayPal expects long-term earnings growth of 17.5%. The stock has seen estimates rise over the past month for the current fiscal year by 1.14%, while 19 analysts have revised their estimates upwards for the same time compared to none lower.
PayPal Holdings, Inc. Price, Consensus and EPS Surprise
PayPal Holdings, Inc. Price, Consensus and EPS Surprise | PayPal Holdings, Inc. Quote
Investors looking for a fast-growing stock that still has plenty of opportunities on the horizon, make sure to consider PYPL. Thanks to this rise in estimates, PayPal is a Zacks Rank #2 (Buy), further underscoring its potential. With double-digit earnings growth in its near future and an impressive Zacks Rank, this combination suggests that analysts believe even better earnings days are ahead for the thriving digital payments company.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>