Yahoo Finance Top Growth Stocks To Buy Today
Robust, high-growth companies such as NZX are appealing to investors for many reasons. They bring about a strong upside to your portfolio, and less downside risk as opposed to financially challenged companies. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.
NZX Limited (NZSE:NZX)
NZX Limited operates as a stock exchange in New Zealand. Established in 2002, and currently run by Mark Peterson, the company currently employs 238 people and with the company’s market cap sitting at NZD NZ$306.47M, it falls under the small-cap category.
NZX is expected to deliver an extremely high earnings growth over the next couple of years of 13.72%, driven by a positive revenue growth of 8.37% and cost-cutting initiatives. Though some cost-cutting activities may artificially inflate margins, it appears that this isn’t solely the case here, as profit growth is also coupled with top-line expansion. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 26.91%. NZX’s impressive outlook on all aspects makes it a worthy company to spend more time to understand.
Could this stock be your next pick? Check out its fundamental factors here.
Scales Corporation Limited (NZSE:SCL)
Scales Corporation Limited engages in agribusiness activities in New Zealand. Founded in 1897, and now led by CEO Andrew Borland, the company employs 700 people and with the company’s market capitalisation at NZD NZ$673.49M, we can put it in the small-cap group.
SCL’s forecasted bottom line growth is an optimistic double-digit 23.86%, driven by the underlying sales growth of 5.32% over the next few years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of SCL, it does not appear too severe. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 20.54%. SCL ticks the boxes for robust growth generation on all levels of line items, which makes it an appealing stock to dig into deeper.
Want to know more about SCL? Check out its fundamental factors here.
Fisher & Paykel Healthcare Corporation Limited (NZSE:FPH)
Fisher & Paykel Healthcare Corporation Limited, together with its subsidiaries, designs, manufactures, and markets medical device products and systems worldwide. Founded in 1934, and currently headed by CEO Lewis Gradon, the company currently employs 4,174 people and with the company’s market cap sitting at NZD NZ$8.60B, it falls under the mid-cap stocks category.
FPH is expected to deliver an extremely high earnings growth over the next couple of years of 11.64%, driven by a positive double-digit revenue growth of 23.42% and cost-cutting initiatives. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 28.74%. FPH’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add FPH to your portfolio? I recommend researching its fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
