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Time to Focus on Infineon (IFNNY) for Strong Earnings Growth Potential

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 Infineon Technologies AG IFNNY. This firm, which is in the Electronics - Semiconductors industry, saw EPS growth of 21.7% 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 22.6%. Furthermore, the long-term growth rate is currently an impressive 15.5%, suggesting pretty good prospects for the long haul.

Infineon Technologies AG Price and Consensus

Infineon Technologies AG Price and Consensus | Infineon Technologies AG Quote

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 4%. Thanks to this rise in earnings estimates, IFNNY has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 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 IFNNY. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for IFNNY as well.

More Stock News: Tech Opportunity Worth $386 Billion in 2017

From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.

Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>


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Infineon Technologies AG (IFNNY) : Free Stock Analysis Report
 
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