Is Northern Trust (NTRS) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - Northern Trust Corporation (NTRS) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 1.2%, but projected EPS growth for this year is expected to be 16.5%, significantly outperforming the industry average of 1.4% [5] Group 2: Key Growth Metrics - The asset utilization ratio for Northern Trust is 0.1, indicating that the company generates $0.1 in sales for every dollar in assets, which is higher than the industry average of 0.06 [6] - Sales growth for Northern Trust is projected at 20.7% this year, contrasting with the industry average of -1.3% [7] Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Northern Trust, with the Zacks Consensus Estimate for the current year increasing by 4% over the past month [8] - The combination of a Zacks Rank 2 and a Growth Score of B suggests that Northern Trust is positioned as a potential outperformer for growth investors [9]