Looking for a Growth Stock? 3 Reasons Why Epam (EPAM) is a Solid Choice

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those that can fulfill their potential is challenging [1] Group 1: Company Overview - Epam (EPAM) is currently highlighted as a recommended growth stock based on the Zacks Growth Style Score, which evaluates a company's growth prospects beyond traditional metrics [2] - The company has a favorable Growth Score and a top Zacks Rank, indicating strong potential for performance [2] Group 2: Earnings Growth - Historical EPS growth for Epam stands at 6.5%, but projected EPS growth is significantly higher at 28.2% for the current year, surpassing the industry average of 24% [4] Group 3: Asset Utilization - Epam's asset utilization ratio is 1.11, meaning it generates $1.11 in sales for every dollar of assets, which is more efficient than the industry average of 0.93 [5] Group 4: Sales Growth - The company's sales are expected to grow by 14.9% this year, compared to the industry average of 5.3%, indicating strong sales growth potential [6] Group 5: Earnings Estimate Revisions - The current-year earnings estimates for Epam have been revised upward, with the Zacks Consensus Estimate increasing by 3.6% over the past month, suggesting positive momentum [8] Group 6: Investment Positioning - Epam 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 stock category [10]