IPO Stock With 213% EPS Growth, 333% Sales Growth May Unleash Breakout
Formed by Diamondback Energy (FANG) in 2018, Rattler Midstream (RTLR) is among this year's fastest-growing IPO stocks. And while fellow 2019 IPOs Beyond Meat (BYND) and Chewy (CHWY) may garner more attention, Rattler, along with Uber Technologies (UBER), has earned a spot on the IBD Breakout Stocks Index.

Based in Midland, Texas, Rattler provides crude oil, natural gas and water-related midstream services to Diamondback Energy under long-term, fixed-fee contracts. It operates in the Midland and Delaware Basins of the Permian Basin.

Over the last eight quarters, Rattler Midstream has generated sales growth ranging from 181% to 499%. Revenue for its most recent quarter was $95.2 million.

After six quarters of triple-digit earnings increases, in the past two quarters EPS growth slowed to 67%, then declined 70%. Rattler Midstream has yet to file its first report since going public on May 23. Look for the decelerating trend in earnings growth to reverse when the company releases its next quarterly numbers.

Artcile come from: https://www.investors.com/research/breakout-stocks/breakout-stocks-technical-analysis/