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Why Affymetrix (AFFX) Could Be an Impressive Growth Stock

Zacks Equity Research

One such company that might be well-positioned for future earnings growth is Affymetrix Inc. (AFFX). This firm, which is in the Bio-Medicine space, saw EPS growth of 150% 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 82%. Furthermore, the long-term growth rate is currently an impressive 20.4%, suggesting pretty good prospects for the long haul.

And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 12.5%. Thanks to this rise in earnings estimates, AFFX has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company.

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

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AFFYMETRIX INC (AFFX): Free Stock Analysis Report

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