Here is Why Growth Investors Should Buy Avnet (AVT) Now

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves navigating volatility and inherent risks [1] Group 1: Company Overview - Avnet (AVT) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 0.7%, but projected EPS growth for this year is expected to be 29.7%, significantly higher than the industry average of 17.5% [4] Group 2: Financial Metrics - Avnet's asset utilization ratio is 1.87, indicating that the company generates $1.87 in sales for every dollar in assets, outperforming the industry average of 1.36 [5] - The company's sales are projected to grow by 8.8% this year, compared to the industry average of 5% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Avnet, with the Zacks Consensus Estimate for the current year increasing by 1.5% over the past month [8] - Avnet's combination of a Zacks Rank 2 and a Growth Score of A positions it well for potential outperformance in the market [10]