As companies report soaring sales growth this earnings season, CNBC Pro identified the stocks expected to lead the market in revenue expansion going forward. The blended revenue growth rate — which combines actual results for companies that have reported and estimated results for those that have yet to report — for the S & P 500 the second quarter is 24.7% year over year, according to FactSet as of Friday. If 24.7% is the final growth rate in the second quarter, it will mark as the highest year-over-year revenue growth for the index since FactSet began tracking the metric in 2008. The current all-time high is 12.7% in the second quarter of 2011. Year-over-year comparisons will be tougher going forward, however. The elevated growth figures this quarter can be partially attributed to easier comparisons with lower sales numbers last year during the depths of the pandemic. "Analysts expect the S & P 500 to continue to report double-digit revenue growth for the remainder of 2021, but at lower levels compared to Q2 2021," FactSet's John Butters said in a note. CNBC Pro identified the S & P 500 stocks in the top quartile of estimated sales growth for both 2021 and 2022. These are not just the companies that are bouncing back from the pandemic this year, but rather those that will keep the top-line growth going into 2022. From that pool, we found the names a majority of analysts say to buy. (Source: FactSet. As of Aug. 10, 2021.) A number of stocks closely linked to the economic recovery are expected to lead the market in sales growth this year and next. Airline, energy and entertainment names appear on CNBC Pro's screen. Southwest Airlines and Alaska Air are expected to see market-leading revenue growth through 2022. Pioneer Natural Resources , Diamondback Energy and Valero Energy make the list. Backup power generation manufacturer Generac Holdings and solar company Enphase Energy are also industrial names on CNBC Pro's list. Hotel and casino company Caesars Entertainment has the highest estimated sales growth in 2021 out of the names in our screen, while Delta Air Lines has the top expected revenue growth in 2022. CNBC Pro's screen turned up several technology names typically seen as growth stocks. Big Tech names Amazon , Google-parent Alphabet and Facebook appeared on our list. The stocks are expected to jump between 16.5% and 19.5% in 2022. Other names on our list include restaurant chain Chipotle Mexican Grill , chip maker Nvidia and online marketplace Etsy .
A worker inspects a 24-kilowatt Generac home generator at Captain Electric on February 18, 2021 in Orem, Utah.
George Frey | Getty Images
As companies report soaring sales growth this earnings season, CNBC Pro identified the stocks expected to lead the market in revenue expansion going forward.