3 Reasons Growth Investors Will Love Itron (ITRI)

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying the right ones can be challenging due to associated risks and volatility [1] Company Summary - Itron (ITRI) is recommended as a cutting-edge growth stock based on its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 10%, but projected EPS growth for this year is expected to be 47.2%, significantly higher than the industry average of 8.3% [4] - Itron's asset utilization ratio (sales-to-total-assets ratio) is 0.81, indicating it generates $0.81 in sales for every dollar in assets, outperforming the industry average of 0.53 [5] - Sales growth for Itron is projected at 11.3% this year, compared to the industry average of 5.6% [6] - There has been a positive trend in earnings estimate revisions for Itron, with the Zacks Consensus Estimate for the current year increasing by 16.6% over the past month [8] - Itron has achieved a Zacks Rank of 2 (Buy) and a Growth Score of B based on various favorable metrics [9] Industry Summary - Research indicates that stocks with strong growth features consistently outperform the market, particularly those with a Growth Score of A or B and a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [3]