In this article, we discuss 5 high growth NASDAQ stocks that are profitable. If you want to see more high growth NASDAQ stocks that are profitable, the risk/reward, and methodology of this list, go directly to 12 High Growth NASDAQ Stocks That Are Profitable.
5. Equinix, Inc. (NASDAQ:EQIX)
Annual AFFO growth likely substantially lower than 20.1% a year given the company grew 2022 AFFO by 11%.
AFFO (TTM) as of December 31, 2022 : $2.714 billion
Equinix, Inc. (NASDAQ:EQIX) is the largest global data center and colocation provider for enterprise network and cloud computing. As a REIT, the company’s 2022 annual sales rose 9% year over year to $7.3 billion and the company also had AFFO of $2.714 billion, an 11% increase over the previous year. Because the company is a REIT, the EPS next 5 year ratio of 20.1% according to FINVIZ.com isn’t really relevant. Given the ranking criteria using EPS next 5 year ratio, the stock ranks on our list in this position even though its annual AFFO growth in the future is likely substantially slower.
Nevertheless, Equinix, Inc. (NASDAQ:EQIX) does have growth potential in the long term given the expected continued growth in cloud computing. Shares have declined from 2021 due to higher interest rates. If interest rates rise more than expected could be more headwinds in the near term.
4. NVIDIA Corporation (NASDAQ:NVDA)
EPS Next 5 Year Ratio: 21.30%
Net Income (TTM) as of October 31, 2022: $5.957 billion
NVIDIA Corporation (NASDAQ:NVDA) ranks #4 on our list of 12 High Growth NASDAQ Stocks That Are Profitable given its EPS next 5 year ratio of 21.3%. As a leading maker of GPUs, NVIDIA Corporation (NASDAQ:NVDA) will benefit from the rise in AI processing although the company could encounter headwinds in the future when more big tech companies make their own chips. As a result, NVIDIA Corporation (NASDAQ:NVDA) will need to continue to innovate and the company could be one of the riskiest stocks on our list if it doesn’t maintain its innovative edge. As of October 31, 2022, the company had a trailing twelve month net income of $5.957 billion.
3. Interactive Brokers Group, Inc. (NASDAQ:IBKR)
EPS Next 5 Year Ratio: 22.95%
Net Income (TTM) as of December 31, 2022: $380 million
Interactive Brokers Group, Inc. (NASDAQ:IBKR) is a leading financial brokerage firm that analysts expect will increase its EPS by an average of 22.95% a year over the next 5 years according to FINVIZ.com. Interactive Brokers Group, Inc. (NASDAQ:IBKR) is also profitable with a net income of $380 million in the trailing twelve months ended December 31, 2022. In terms of earnings estimates, analysts estimate Interactive Brokers Group, Inc. (NASDAQ:IBKR) will earn $5.61 per share for FY2023, $5.74 per share in FY2024, and $6.08 per share in FY2025. That compares to estimate of $3.93 per share in FY2022.
2. ASML Holding N.V. (NASDAQ:ASML)
EPS Next 5 Year Ratio: 29.80%
Net Income (TTM) as of December 31, 2022: $5.850 billion
ASML Holding N.V. (NASDAQ:ASML) is a leading maker of semiconductor manufacturing equipment. Given how difficult it is to make ASML Holding N.V. (NASDAQ:ASML)’s products, the company spent €3.3 billion of the €21.2 billion it had in net sales for 2022. The company also earned $5.85 billion in 2022 and has an EPS next 5 year ratio of 29.8%.
1. Marriott International, Inc. (NASDAQ:MAR)
EPS Next 5 Year Ratio: 40.50% according to Finviz.com but other sources indicate that estimated next 5 year EPS growth rate could be considerably slower.
Net Income (TTM) as of December 31, 2022: $2.358 billion
Leading lodging chain Marriott International, Inc. (NASDAQ:MAR) ranks #1 on our list of 12 High Growth NASDAQ Stocks That Are Profitable given its EPS Next 5 year ratio of 40.5% according to Finviz.com. According to Barron’s, analyst earnings per share growth estimates for Marriott International, Inc. (NASDAQ:MAR) is considerably slower, however. In terms of yearly estimates, analysts estimate the company will earn $7.60 per share in 2023, $8.50 per share in 2024, and $8.99 per share in 2025. By comparison, they estimated the company will earn $6.55 per share in 2022. For 2022, Marriott International, Inc. (NASDAQ:MAR) had net income of $2.358 billion and the company repurchased 16.8 million shares of common stock for $2.6 billion.
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