3 Reasons Growth Investors Will Love New Gold (NGD)

Core Viewpoint - The article highlights New Gold (NGD) as a promising growth stock, supported by its favorable Growth Score and Zacks Rank, indicating strong potential for outperformance in the market [2][10]. Earnings Growth - New Gold has a historical EPS growth rate of 12.3%, but the projected EPS growth for this year is significantly higher at 91.2%, surpassing the industry average of 34.6% [4]. Cash Flow Growth - The year-over-year cash flow growth for New Gold stands at 41.6%, which is substantially above the industry average of 8.4%. The company's historical annualized cash flow growth rate over the past 3-5 years is 15.6%, compared to the industry average of 15.5% [5][6]. Earnings Estimate Revisions - The current-year earnings estimates for New Gold have been revised upward, with the Zacks Consensus Estimate increasing by 3.4% over the past month, indicating a positive trend in earnings estimate revisions [8][7]. Overall Positioning - New Gold has achieved a Growth Score of B and a Zacks Rank of 2 due to positive earnings estimate revisions, positioning it well for potential outperformance in the growth investment space [10].