Is ASICS Corporation Unsponsored ADR (ASCCY) 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 growth stocks can be challenging due to inherent volatility and risks [1] Group 1: Company Overview - ASICS Corporation Unsponsored ADR (ASCCY) is highlighted as a recommended growth stock based on its favorable Growth Score and top Zacks Rank [2] - The company has a historical EPS growth rate of 76.8%, with projected EPS growth of 50.9% this year, significantly outperforming the industry average of 15.1% [5] Group 2: Key Metrics - The asset utilization ratio for ASICS Corporation is 1.43, indicating that the company generates $1.43 in sales for every dollar in assets, compared to the industry average of 1.02, showcasing higher efficiency [7] - Sales for ASICS Corporation are expected to grow by 23.2% this year, while the industry average is projected at 0% [8] Group 3: Earnings Estimates - The current-year earnings estimates for ASICS Corporation have been revised upward, with the Zacks Consensus Estimate increasing by 7.5% over the past month [9] - The combination of strong earnings estimate revisions and a Growth Score of A positions ASICS Corporation favorably for potential outperformance [10][11]