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Why Charles Schwab Corporation (SCHW) Could Be an Impressive Growth Stock

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, these 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 The Charles Schwab Corporation (SCHW). This firm, which is in the Financial - Investment Bank industry, saw EPS growth of over 34% 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 27.9%. Furthermore, the long-term growth rate is currently an impressive 17.2% suggesting pretty good prospects for the long haul.

The Charles Schwab Corp. Price and Consensus

 

The Charles Schwab Corp. Price and Consensus | The Charles Schwab Corp. Quote

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And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 3.6%. Thanks to this rise in earnings estimates, SCHW 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 (Strong Buy) Rank 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 SCHW. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for SCHW as well.

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The Charles Schwab Corp. (SCHW): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research