Grab these 3 companies growing faster than 15% for a sizzling 2015

REA Group Limited (ASX:REA), Domino's Pizza Enterprises Ltd (ASX:DMP) and TPG Telecom Ltd (ASX: TPM) could be the earnings powerhouses you need to make 2015: "The year of high growth".

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Did you know that if you could achieve a 15% annual return on an investment, you could potentially double your money in about five years?

Five years may sound like a long time, but for long-term investing that could span 30 – 40 years, it's a short skip along the way.

Every investor needs growth stocks that can power returns. You can add in your dividend yield to reach that 15%+ mark, or just go for those companies that are growing earnings well above that and the yield is just icing on the cake.

The great thing is that you don't have to go through a stack of annual reports to find the proverbial needle in the haystack in your search for high growth.

Below are three stocks that are well-known leading companies with high growth outlooks.

TPG Telecom Ltd (ASX: TPM) had a good FY 2014 raising earnings 15.1%, but it looks like things may be hotting up even more. It will be challenging the national broadband network rollout head-on to become a wholesale and retail service provider of high-speed broadband. It has an extensive amount of network hardware infrastructure which it is looking to expand in densely populated urban areas with its "fibre-to-the-building" (FTTB) plan. It could be cheaper and faster than the NBN Company's plan to wire up every house and business directly. Analyst consensus forecasts are for earnings to grow over 20% annually over the next several years.

Domino's Pizza Enterprises Ltd (ASX: DMP), the world's largest Domino's Pizza franchisee company has operations in Australia, New Zealand, Japan and several countries in Europe. Still growing its stores in Oz, the next major expansion is in Japan where the company has already moved from the third largest national takeaway pizza store chain to number two just since last year. The company plans to turn on the juice and more than double the current 320 stores over the next five years. Domino's Pizza Enterprises could see as much as 24% annual earnings growth on the average in the next two years according to analyst projections.

REA Group Limited (ASX: REA) has been a growth powerhouse for quite a number of years now. Over the past ten years, the realestate.com.au property search website company has grown earnings over an average 30% annually. It has matured some in Australia, yet its next move is to tackle the US real estate advertising and listing market. In a joint partnership with Rupert Murdoch's News Corp (NASDAQ: NWS), it now has part control of the third biggest property search website in the US called move.com. Through it, the company plans to start taking market share in a highly fragmented market. Analysts are looking for around 27% annual earnings growth over the next two years, so it definitely makes our list of fast growers.

Motley Fool contributor Darryl Daté-Shappard does not own shares in any company mentioned. 

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