Is Miller Industries (MLR) 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 risks and volatility [1] Group 1: Company Overview - Miller Industries (MLR) is identified as a promising growth stock, supported by a favorable Growth Score and a top Zacks Rank [2] - The company operates in the vehicle towing and recovery equipment sector [3] Group 2: Earnings Growth - Historical EPS growth rate for Miller Industries is 15.8%, with projected EPS growth of 12% this year, surpassing the industry average of 11.5% [5] Group 3: Cash Flow Growth - Year-over-year cash flow growth for Miller Industries is 122.8%, significantly higher than the industry average of 0% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 11.5%, compared to the industry average of 1.2% [7] Group 4: Earnings Estimate Revisions - Current-year earnings estimates for Miller Industries have been revised upward, with a 1.4% increase in the Zacks Consensus Estimate over the past month [8] Group 5: Investment Positioning - Miller Industries has achieved a Growth Score of B and a Zacks Rank 2, indicating strong potential for outperformance in the growth stock category [9][10]