theScore and Finning International are a few noticeable companies with a strong future outlook. The market’s optimistic sentiment towards these stocks indicates a level of confidence in the future outlook of their businesses. 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.
theScore, Inc. (TSXV:SCR)
theScore, Inc. creates mobile-first sports experiences in North America and Europe. Formed in 2012, and run by CEO John Levy, the company size now stands at 189 people and with the stock’s market cap sitting at CAD CA$38.46M, it comes under the small-cap category.
SCR is expected to deliver an extremely high earnings growth over the next couple of years of 65.58%, driven by a positive revenue growth of 20.89% and cost-cutting initiatives. Though some cost-cutting activities may artificially inflate margins, it appears that this isn’t solely the case here, as profit growth is also coupled with top-line expansion. SCR’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Considering SCR as a potential investment? Take a look at its other fundamentals here.
Finning International Inc. (TSX:FTT)
Finning International Inc. engages in selling, servicing, and renting heavy equipment, engines, and related products in Canada, South America, the United Kingdom, and Ireland. Founded in 1933, and now led by CEO L. Thomson, the company employs 11,877 people and with the company’s market cap sitting at CAD CA$5.51B, it falls under the mid-cap category.
FTT’s forecasted bottom line growth is an optimistic 22.86%, driven by the underlying double-digit sales growth of 15.81% 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 17.20%. FTT’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Should you add FTT to your portfolio? Other fundamental factors you should also consider can be found here.
Canaccord Genuity Group Inc. (TSX:CF)
Canaccord Genuity Group Inc., an independent and full-service financial services company, provides investment solutions, and brokerage and investment banking services to individual, institutional, corporate, and government clients. Founded in 1950, and currently lead by Daniel Daviau, the company employs 1,939 people and with the stock’s market cap sitting at CAD CA$670.89M, it comes under the small-cap category.
Should you add CF to your portfolio? Take a look at its other fundamentals here.
For more financially robust companies with high growth potential to enhance your portfolio, explore this interactive list of fast growing companies.
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.