In 2013, we have seen some companies reach overwhelming success and others fail miserably. But what does 2014 have in store for us? Today, we would like to present you with a list we have compiled of the top 9 companies expected to grow in 2014, based on the predictions made by the experts at MSN Money. The following companies are ranked according to their expected earnings growth for the year 2014. We have also included the projections for their sales growth in the year to come.
Tesla Motors Inc (NASDAQ:TSLA) emerged as the undisputed leader. With an estimated 606% earnings growth, Tesla is not only the company expected to most grow in 2014, but it’s also pretty much in a league of its own. By comparison, the runner-up, Black Diamond Inc (NASDAQ:BDE), only scored a 375% expected growth rate. 2013 has been a really great year for electric car manufacturer Tesla, who managed to beat all forecasts and rub it in the nose of skeptics that doubted the company’s abilities to turn a profit. Tesla Motors turned profitable since the first quarter of 2013 and kept things going for the rest of the year. Shares steadily rose from $38 to over $51 by the end of December. With so many ups, experts believe that Tesla will keep up the momentum and grow even more in the year to come.
Scorpio Tankers Inc. (NYSE:STNG), a shipping company, is the perfect proof that you don’t need to be a big corporation in order to succeed. The company only has 14 tankers that haul around petroleum products, such as heating oil or gasoline from refineries to ports all around the world. But despite being small, Scorpio Tankers is growing at an impressive rate. Thanks to the great financial year Scorpio Tankers has just had, the company is expected to triple its fleet by the end of 2014. Because of this, experts are confident that the shipper will increase its sale and more than double its earnings growth.
Curious to see who else has made it on the list? Let’s take a look.
Note: the following countdown only pertains to companies operating within the US.