Looking for a Growth Stock? 3 Reasons Why Colgate-Palmolive (CL) is a Solid Choice

Core Viewpoint - Growth investors are increasingly focused on stocks with above-average financial growth, and Colgate-Palmolive is highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [1][6][7] Earnings Growth - Colgate-Palmolive has a historical EPS growth rate of 2.1%, but projected EPS growth for this year is 9.3%, surpassing the industry average of 9.1% [3] Asset Utilization Ratio - The company's sales-to-total-assets (S/TA) ratio is 1.21, indicating that it generates $1.21 in sales for every dollar in assets, compared to the industry average of 0.95. Additionally, sales are expected to grow by 3.9% this year, while the industry average is 2.2% [4] Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Colgate-Palmolive, with the Zacks Consensus Estimate increasing by 1% over the past month, indicating positive momentum [5] Overall Assessment - Colgate-Palmolive has achieved a Growth Score of A and holds a Zacks Rank of 2, suggesting it is a solid choice for growth investors [6][7]