February Growth Stocks To Look Out For
Individual investors like stocks with a high growth potential. These companies have a strong outlook that can bring a significant upside to your portfolio, regardless of market cyclicality. If your holdings could benefit from diversification towards growth stocks, whether it be in reputable tech stocks or green small-caps, take a look at my list of stocks with a bright future ahead.
USA Technologies, Inc. (NASDAQ:USAT)
USA Technologies, Inc. provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. Started in 1992, and now run by Stephen Herbert, the company currently employs 150 people and has a market cap of USD $454.46M, putting it in the small-cap stocks category.
USAT is expected to deliver a triple-digit high earnings growth over the next couple of years, bolstered by an equally impressive revenue growth of 64.65%. It appears that USAT’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. USAT ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. A potential addition to your portfolio? I recommend researching its fundamentals here.
LCI Industries (NYSE:LCII)
LCI Industries, along with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles and adjacent industries in the United States and internationally. Founded in 1962, and headed by CEO Jason Lippert, the company provides employment to 11,000 people and with the stock’s market cap sitting at USD $2.84B, it comes under the mid-cap stocks category.
LCII is expected to deliver an extremely high earnings growth over the next couple of years of 24.83%, driven by a positive double-digit revenue growth of 25.74% and cost-cutting initiatives. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 22.20%. LCII’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Interested to learn more about LCII? Check out its fundamental factors here.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM)
NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and field development strategies in the United States and internationally. Founded in 2006, and run by CEO Robert Nipper, the company currently employs 197 people and with the market cap of USD $642.69M, it falls under the small-cap stocks category.
An outstanding doubling of earnings is forecasted for NCSM, driven by the underlying 84.38% sales growth over the next few years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. We see this bottom-line expansion directly benefiting shareholders, with expected positive return on equity of 11.55%. NCSM’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. A potential addition to your portfolio? Have a browse through its key fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.