Now Is the Time to Buy These Growth Stocks

Now Is the Time to Buy These Growth Stocks

You would struggle to find two more dissimilar companies than Owens Corning (NYSE: OC) and Dana Incorporated (NYSE: DAN), but it's what they have in common that really counts. Both are mid-cap stocks set to grow earnings at a double-digit rate in the next couple of years. Let's take a closer look at these two growth-stock candidates for your portfolio.

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Owens Corning has had a strong year, and analysts have raised full-year earnings per share (EPS) estimates after each earnings report. For example, going into the first-quarter earnings report, the analyst consensus was for $3.86, only to be increased to $4.01. Fast-forward to second-quarter earnings, and analysts were suitably impressed to raise the consensus to $4.29 -- it now stands at $4.34. Similarly, the 2018 EPS consensus is now up from $4.33 at the start of the year to $5.19 -- no need to get out the calculator; these figures imply nearly 20% EPS growth in 2017 and 2018.

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Source: Fool.com