These 21 Growth Stocks Expect 50% To 877% EPS Gain In Q2 (2024)

With Q2 earnings season just around the corner, here are 21 of today's top growth stocks expecting up to 877% earnings growth in their next quarterly report. With airline stocks taking flight, Copa (CPA) leads the list, joined by Delta Air Lines (DAL). ServiceNow (NOW), Splunk (SPLK) and solar stocks Array Technologies (ARRY) and Shoals Technologies (SHLS) also find their place in the sun.

In a sign of institutional demand, a large contingent of names on this stock screen also make the latest list of new buys by the best mutual funds. Copa, Workday, ServiceNow, Splunk, Array Technologies, Fortinet (FTNT), Synopsys (SNPS), Lamb Weston (LW) and MercadoLibre (MELI) all earn that honor.

Top Funds Pour Money Into Apple, Microsoft And These 2 Sectors

Screen For Top Growth Stocks

To make this stock screen of today's fastest-growing companies, each growth stock must have a 95 or higher Composite Rating, indicating a passing grade in Stock Checkup. A 95 Composite Rating means each stock is outperforming at least 95% of all stocks in terms of the most important stock-picking traits.

Each of these top growth stocks must also have an EPS Rating and RS Rating above 80 to show strong fundamental and technical strength. To qualify, these fastest-growing stocks must also sport an A SMR Rating, which tracks sales growth, annual pretax profit margins and return on equity.

To avoid thinly traded penny stocks, the screen only includes the fastest-growing stocks that trade at least 400,000 shares a day on average and have a share price of at least $12.

Growth Stocks To Buy And Watch As Q2 Reports Loom

Created in MarketSmith, this stock screen highlights top growth stocks expecting 50% to 877% EPS growth in their upcoming quarterly report.

Company	Symbol	EPS Est Cur Qtr %	EPS Est Cur Yr %	Comp Rating	EPS Rating	RS Rating	Ind Group RS	SMR Rating	A/D Rating
Copa	CPA	877	81	99	83	92	A+	A	B+
Vista Energy	VIST	531	59	97	83	98	E	A	A
ServiceNow	NOW	529	630	99	99	89	A	A	B
Teekay Tankers	TNK	444	116	97	80	89	C+	A	C+
Splunk	SPLK	404	20	97	81	84	A+	A	B-
Frontline	FRO	217	53	95	80	87	C+	A	C+
Extreme Networks	EXTR	208	66	99	91	97	B-	A	A+
Dorian LPG	LPG	183	-1	97	97	96	C+	A	C
Array Technologies	ARRY	93	126	95	80	89	D+	A	B
Shoals Technologies	SHLS	87	53	95	99	82	D+	A	B-
MercadoLibre	MELI	80	87	95	81	89	B+	A	D-
Interactive Brokers	IBKR	68	41	98	98	82	C	A	C
Fortinet	FTNT	67	33	99	99	90	A-	A	B
Novo Nordisk	NVO	65	47	97	94	85	C+	A	D
Delta Air Lines	DAL	62	90	99	82	94	A+	A	A+
Lamb Weston Holdings	LW	61	117	95	86	90	D	A	C+
Paccar	PCAR	56	37	96	91	89	C-	A	C
Terex	TEX	55	39	96	84	96	C+	A	B-
Allegro MicroSystems	ALGM	54	12	99	99	94	A+	A	C+
Synopsys	SNPS	50	26	96	90	88	A	A	D+
Workday	WDAY	50	46	99	98	91	A	A	B-

3 Key Rules For How To Buy Today's Fastest-Growing Stocks

Keep in mind that earnings growth is just one factor to track when looking for the best stocks to buy and watch. In addition, make sure to follow these three key rules for how to buy stocks.

While this crop of today's top-rated growth stocks shows strong earnings estimates for Q2, it doesn't necessarily mean they'll meet or beat Wall Street expectations or shoot higher if they do. Be sure to have and follow sound buy rules and sell rules.

Following a simple three-step routine helps you stay profitable and protected, and ready to take advantage of today's fastest-growing stocks when opportunities arise.

Track Stocks Set To Report With The IBD Earnings Calendar

Follow Matthew Galgani on Twitter at @IBD_MGalgani.

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