3 Reasons Why Growth Investors Shouldn't Overlook Adtalem (ATGE)

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Adtalem Global Education (ATGE) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 22.4%, with projected EPS growth of 17.6% this year, surpassing the industry average of 17.1% [5] Group 2: Financial Metrics - Adtalem's asset utilization ratio 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 0.65 [6] - The company's sales are expected to grow by 7.6% this year, compared to the industry average of 3.4% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Adtalem, with the Zacks Consensus Estimate for the current year increasing by 1.5% over the past month [9] - The combination of a Growth Score of A and a Zacks Rank of 2 suggests that Adtalem is positioned as a potential outperformer for growth investors [11]