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3 Rapidly Growing Companies

analysis Oct 28

Here are three names well worth considering ahead of their quarterly reports in the days ahead.

  1. Diamondback Energy
  • Earnings Date: Monday, Nov. 1, after the close
  • EPS Growth Estimate: +345.1% YoY
  • Revenue Growth Estimate: +111.1% YoY
  • Year-To-Date Performance: +130.7%
  • Market Cap: $20.2 Billion

Diamondback Energy (NASDAQ:FANG)—which blew past estimates for earnings and revenue in the last quarter—is scheduled to report another period of explosive growth. Analysts are calling for earnings per share of $2.65, more than tripling from EPS of $0.62 in the year-ago period. Revenue is forecast to surge about 111% year-over-year to $1.52 billion, boosted by soaring crude oil and natural gas prices.
Beyond the top- and bottom-line figures, investors will keep an eye on Diamondback’s update regarding its production targets for the year ahead after increasing 36% in Q2.

2. Digital Turbine

  • Earnings Date: Tuesday, Nov. 2, after the close
  • EPS Growth Estimate: +160% YoY
  • Revenue Growth Estimate: +332.4% YoY
  • Year-To-Date Performance: +48.7%
  • Market Cap: $8.8 Billion

Digital Turbine (NASDAQ:APPS) crushed profit and sales records in the previous quarter and is forecast to report triple-digit growth for its fiscal second quarter results. The mobile ad-tech company has beaten Wall Street estimates for six consecutive quarters, thanks to mounting demand from app publishers and advertisers, which has translated into higher sales.

3. MGM Resorts International

  • Earnings Date: Wednesday, Nov. 3, after the close
  • EPS Growth Estimate: +93.5% YoY
  • Revenue Growth Estimate: +115.1% YoY
  • Year-To-Date Performance: +49.9%
  • Market Cap: $23.2 Billion

MGM Resorts International (NYSE:MGM) reported a smaller-than-expected loss and booming revenue growth when it released second quarter results in early August. For this quarter, consensus calls for a loss of $0.07 per share, improving substantially from a loss per share of $1.08 in the challenging year-ago period. Revenue is forecast to soar 115% from the same period a year earlier to $2.43 billion, driven by a recovery in its core business and strong growth in its sports-betting unit.
The biggest casino and hotel operator on the Las Vegas Strip with about a dozen properties, including the Bellagio, Mandalay Bay, and MGM Grand, MGM has been busy making moves to boost its online sports-betting offering, launching its BetMGM app in several states in the past year.

Written by Editor

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