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3 Consumer Facing Growth Stocks To Buy For 2018

By Zacks Investment ResearchStock MarketsDec 19, 2017 07:03AM ET
www.investing.com/analysis/3-consumer-facing-growth-stocks-to-buy-for-2018-200274234
3 Consumer Facing Growth Stocks To Buy For 2018
By Zacks Investment Research   |  Dec 19, 2017 07:03AM ET
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Growth investing was all the rage in 2017, as the likes of tech giants from Amazon (NASDAQ:AMZN) to Nvidia (NASDAQ:NVDA) helped send markets to new heights. Now, as we head into 2018, investors are likely to remain focused on companies that are poised to grow substantially.

But many investors already hold the likes of Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX) and are unlikely to dump them anytime soon. This means many investors need to find new companies projected to expand at market-beating speeds.

In order to find stocks with outsized growth potential, investors should always look for companies with strong estimates and exciting potential. But on top of that, investors might also try to reject the herd by looking at stocks outside of the tech world.

With that said, let’s take a look at three consumer facing stocks with high Zacks Ranks that are also great 2018 growth stocks:

1. Skechers U.S.A., Inc. (NYSE:SKX)

This low-priced shoe retailer is currently a Zacks Rank #1 (Strong Buy). Skechers has also seen its stock price soar nearly 50% in the last 12-weeks alone. In fact, Skechers stock just hit a new 52-week high of $38.31 per share. But the good news for growth investors is that Skechers is poised for solid 2018 expansion.

Our current Zacks Consensus Estimates call for Skechers’ fiscal 2018 EPS to hit $2.16 per share, which would mark 27.06% year-over-year growth from its estimated 2017 total. Furthermore, the shoe company’s 2018 sales are expected to jump 11.56% to hit $4.52 billion. Investors should also be happy to know that Skechers has received four upward earnings estimate revisions for fiscal 2018, all in the last 60 days.

Looking even farther ahead, Skechers’ expected EPS growth over the next three to five years currently rests at an annualized rate of 14%. On top of that, Skechers’ current cash flow growth rate tops the “Shoes and Retail Apparel” industry average and should certainlyhelp spur these growth projections.

2. Polaris Industries Inc. (NYSE:PII)

Polaris is currently a Zacks Rank #1 (Strong Buy) and rocks a “B” grade for Growth in our Style Scores system. This helps the maker of popular off-road and all-terrain vehicles boast an overall “B” VGM score.

Polaris is expected to see its fiscal 2018 earnings hit $5.66 per share. This EPS growth would represent 16.72% year-over-year bottom line expansion from 2017’s projected total. Furthermore, within the last 60 days, Polaris has experienced nine upward earnings estimate revisions for its fiscal 2018, compared to no downgrades.

Shares of Polaris have skyrocketed 52% in 2017, which crushes the S&P 500’s average growth. Luckily for investors, despite a major Q3 beat, Polaris stock currently rests more than 6% below its 52-week high. This should give the stock plenty of room to grow before it has to break into a new range.

3. Callaway Golf Company (NYSE:ELY)

Callaway is currently a Zacks Rank #2 (Buy) and sports an “A” grade for Growth in our Style Scores system, which helps it earn an overall “A” VGM grade. The company is projected to see its top line expand by nearly 20% in its fiscal 2017 to hit $1.04 billion, based on our current Zacks Consensus estimates.

Looking ahead to next year, Callaway’s full-year revenues are expected to climb. What’s more, the company’s full-year 2018 EPS are projected to hit $0.59. This bottom line growth would mark a 15.01% climb from our 2017 projections. Callaway has also earned nine upward earnings estimate revisions for fiscal 2018 against no downgrades, all within the last 60 days.

Looking even further down the road, Callaway is projected to see its EPS grow at an annualized rate of 15% over the next three to five years.

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Polaris Industries Inc. (PII): Free Stock Analysis Report

Callaway Golf Company (ELY): Free Stock Analysis Report

Skechers U.S.A., Inc. (SKX): Free Stock Analysis Report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

Netflix, Inc. (NFLX): Free Stock Analysis Report

Facebook, Inc. (FB): Free Stock Analysis Report

NVIDIA Corporation (NVDA): Free Stock Analysis Report

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Zacks Investment Research
3 Consumer Facing Growth Stocks To Buy For 2018
 
3 Consumer Facing Growth Stocks To Buy For 2018

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