Is Altair Engineering (ALTR) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Insights - The article emphasizes the importance of identifying growth stocks that exhibit above-average financial growth, which can lead to solid returns, but also highlights the associated risks and volatility [1] Company Overview - Altair Engineering (ALTR) is recommended as a promising growth stock due to its favorable Growth Score and top Zacks Rank [2] Earnings Growth - Altair Engineering has a historical EPS growth rate of 34.3%, with projected EPS growth of 17% this year, surpassing the industry average of 15.5% [4] Cash Flow Growth - The company shows a year-over-year cash flow growth of 73.8%, significantly higher than the industry average of 9.3% [5] - Over the past 3-5 years, Altair's annualized cash flow growth rate has been 7.8%, compared to the industry average of 5.7% [6] Earnings Estimate Revisions - The current-year earnings estimates for Altair Engineering have increased by 11.1% over the past month, indicating a positive trend in earnings estimate revisions [7] Investment Positioning - Altair Engineering holds a Growth Score of B and a Zacks Rank 1, positioning it well for potential outperformance in the market [8]