Advertisement
UK markets open in 3 hours 33 minutes

  • NIKKEI 225

    37,780.35
    +151.87 (+0.40%)
     

  • HANG SENG

    17,616.06
    +331.52 (+1.92%)
     

  • CRUDE OIL

    83.83
    +0.26 (+0.31%)
     

  • GOLD FUTURES

    2,345.40
    +2.90 (+0.12%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • Bitcoin GBP

    51,532.94
    +144.70 (+0.28%)
     

  • CMC Crypto 200

    1,390.91
    +8.33 (+0.60%)
     

  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     

  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Can Lumentum Holdings (LITE) Stock Continue to Grow Earnings?

Zacks Equity Research
Updated

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Lumentum Holdings Inc. LITE. This firm, which is in the Laser Systems and Components industry, saw EPS growth of 50.4% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 71.8%. Furthermore, the long-term growth rate is currently an impressive 19.6%, suggesting pretty good prospects for the long haul.

Lumentum Holdings Inc. Price and Consensus

Lumentum Holdings Inc. Price and Consensus | Lumentum Holdings Inc. Quote

ADVERTISEMENT

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 16%. Thanks to this rise in earnings estimates, LITE has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are looking for a fast-growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider LITE. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for LITE as well.

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Lumentum Holdings Inc. (LITE) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research