Applied Industrial Technologies (AIT) is an Incredible Growth Stock: 3 Reasons Why

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 due to associated risks and volatility [1] Group 1: Company Overview - Applied Industrial Technologies (AIT) is currently highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [1][6] - The company has a historical EPS growth rate of 22.5%, with projected EPS growth of 8.5% this year, surpassing the industry average of 8.3% [3] - AIT's year-over-year cash flow growth stands at 26.9%, significantly higher than the industry average of 8.1%, with a historical annualized cash flow growth rate of 15% over the past 3-5 years compared to the industry average of 9.1% [4] Group 2: Earnings and Estimates - There have been upward revisions in current-year earnings estimates for AIT, with the Zacks Consensus Estimate increasing by 0.7% over the past month [5] - The combination of strong earnings growth, cash flow growth, and positive earnings estimate revisions has positioned AIT as a Zacks Rank 1 stock and earned it a Growth Score of B [6][7]