From Nasdaq:

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market’s attention and produce exceptional returns. However, it isn’t easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature.

However, with the Zacks Growth Style Score, it is easier to find cutting-edge growth stocks. Amazon (AMZN) is on the list of such stocks currently recommended by the proprietary system, and has a Growth Score of A and carries a top Zacks Rank. Stocks with the best growth features consistently outperform the market.

Amazon’s earnings growth is expected to grow by 34.1% this year, well above the industry average which calls for EPS growth of 30.6%. The company has an Efficient Asset Utilization Ratio of 1.17, more efficient than the industry average of 0.8. Sales are expected to grow 11.6% this year, outperforming the industry average of 9.7%.

Amazon has seen upward revisions in current-year earnings estimates, with the Zacks Consensus Estimate for the current year surging 2.3% over the past month. Due to positive earnings estimate revisions and a Growth Score of A, Amazon is a potential outperformer and a solid choice for growth investors.

Looking for a growth stock? Here’s 3 reasons why Amazon (AMZN) is a solid choice. It has strong earnings growth and is positioned to feed the AI, Machine Learning, and IoT market, which is projected to grow significantly.



Read more: Looking for a Growth Stock? 3 Reasons Why Amazon (AMZN) is a Solid Choice