Growth Stocks To Watch Out For In November
Companies such as Elevate Credit and Bob Evans Farms have a significantly positive future outlook on the basis of their profitability and returns. Investors seeking to enhance their portfolio should consider these financially stable, high-growth stocks. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.
Elevate Credit, Inc. (NYSE:ELVT)
Elevate Credit, Inc. design and provides online credit solutions to non-prime consumers in the United States and the United Kingdom. Established in 2014, and now led by CEO Kenneth Rees, the company now has 540 employees and with the company’s market capitalisation at USD $341.89M, we can put it in the small-cap stocks category.
ELVT is expected to deliver a triple-digit high earnings growth over the next couple of years, driven by a positive double-digit revenue growth of 49.13% and cost-cutting initiatives. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of ELVT, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 34.36%. ELVT’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about ELVT? Take a look at its other fundamentals here.
Bob Evans Farms, Inc. (NASDAQ:BOBE)
Bob Evans Farms, Inc. produces and distributes food products for grocery retailers in the United States. Started in 1948, and currently run by J. Townsley, the company now has 1,021 employees and with the company’s market capitalisation at USD $1.54B, we can put it in the small-cap category.
BOBE’s projected future profit growth is an exceptional triple-digit, with an underlying 28.70% growth from its revenues expected over the upcoming years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of BOBE, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 32.81%. BOBE’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. Want to know more about BOBE? Have a browse through its key fundamentals here.
Restaurant Brands International Inc. (NYSE:QSR)
Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons and Burger King brand names. Established in 1954, and currently headed by CEO Daniel Schwartz, the company provides employment to 4,300 people and with the market cap of USD $30.00B, it falls under the large-cap stocks category.
QSR’s forecasted bottom line growth is an exceptional triple-digit, driven by the underlying double-digit sales growth of 16.91% over the next few years. An affirming signal is when net income increase also comes with top-line growth. Even though some cost-reduction initiatives may have also pushed up margins, in the case of QSR, it does not appear extreme. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a high double-digit return on equity of 37.87%. QSR’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. Considering QSR as a potential investment? Other fundamental factors you should also consider can be found 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.
