Workflow
Here is Why Growth Investors Should Buy Paymentus (PAY) Now
PAYPaymentus (PAY) ZACKS·2024-11-22 18:45

Core Viewpoint - Growth investors are increasingly focused on identifying stocks with above-average financial growth, which can lead to solid returns, but finding such stocks can be challenging due to inherent risks and volatility [1] Group 1: Company Overview - Paymentus (PAY) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 135.6%, with projected EPS growth of 53.1% this year, surpassing the industry average of 42.1% [5] Group 2: Financial Metrics - The asset utilization ratio for Paymentus is 1.48, indicating that the company generates $1.48 in sales for every dollar in assets, compared to the industry average of 0.86, showcasing superior efficiency [6] - Paymentus is expected to achieve a sales growth of 35.5% this year, significantly higher than the industry average of 4.2% [7] Group 3: Earnings Estimates - The current-year earnings estimates for Paymentus have been revised upward, with the Zacks Consensus Estimate increasing by 21.9% over the past month, indicating positive momentum [9] - Paymentus has earned a Growth Score of B and holds a Zacks Rank 2 due to favorable earnings estimate revisions, suggesting it is a solid choice for growth investors [10][12]