Looking for a Growth Stock? 3 Reasons Why Energy Transfer LP (ET) is a Solid Choice

Core Viewpoint - Growth investors are attracted to stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Energy Transfer LP (ET) is recommended as a cutting-edge growth stock due to its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 1.2%, but projected EPS growth is expected to be 12.3% this year, surpassing the industry average of 9.3% [4] Group 2: Key Growth Metrics - The asset utilization ratio for Energy Transfer LP is 0.66, indicating that the company generates $0.66 in sales for every dollar in assets, which is higher than the industry average of 0.56 [6] - Sales growth for Energy Transfer LP is projected at 18.1% this year, significantly exceeding the industry average of 5.8% [6] Group 3: Earnings Estimate Revisions - The current-year earnings estimates for Energy Transfer LP have been revised upward, with the Zacks Consensus Estimate increasing by 2.6% over the past month [8] Group 4: Investment Potential - Energy Transfer LP has achieved a Growth Score of A and holds a Zacks Rank 2, indicating it is a potential outperformer and a solid choice for growth investors [10]