3 Reasons Why Growth Investors Shouldn't Overlook Stantec (STN)

Core Viewpoint - Growth stocks are appealing due to their above-average financial growth, but identifying strong growth stocks is challenging due to associated risks and volatility [1] Group 1: Company Overview - Stantec (STN) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company exhibits a historical EPS growth rate of 18.4% and is projected to grow EPS by 18.6% this year, significantly outperforming the industry average of 4.4% [5] Group 2: Financial Metrics - Stantec's year-over-year cash flow growth stands at 17.2%, exceeding the industry average of 10.4% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 28.8%, compared to the industry average of 8.3% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Stantec, with the Zacks Consensus Estimate for the current year increasing by 2.5% over the past month [8] - Stantec's overall earnings estimate revisions have contributed to its Zacks Rank of 1 (Strong Buy) and a Growth Score of B, indicating strong potential for growth investors [10]