4 High Growth Tech Stocks Undervalued By EPS Trends
By Kapitall:Looking for potentially undervalued stocks? For ideas on how to start your search, we ran a stock screen you may be interested in. We began by screening the tech sector for stocks with high growth, measured by 5-year projected EPS growth above 20%. We then screened these stocks for those that appear undervalued relative to EPS trends. Based on the theoretical assumption that if P/E is equal to a constant K, growth in EPS estimates should be matched by proportionate growth in price. When they don't match up, a mispricing may have occurred. We screened for those exhibiting this mismatch between changes in EPS estimate and price. Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.
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We also created a price-weighted index of the stocks mentionedComplete Story »
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