Why invest in a stock whose growth outlook that lags behind the market? Investors looking for companies with extraordinary future prospects in terms of profitability and returns should look at the following high-growth stocks. Investment in growth companies can benefit your current holdings, whether it be in established tech giants or undiscovered micro-caps. Here, I’ve put together a few companies the market is particularly optimistic towards.
WorleyParsons Limited (ASX:WOR)
WorleyParsons Limited provides professional services to the resources and energy sectors in Australia and internationally. Established in 1971, and currently lead by Andrew Wood, the company employs 22,800 people and has a market cap of AUD A$4.28B, putting it in the mid-cap stocks category.
WOR is expected to deliver a buoyant earnings growth over the next couple of years of 29.91%, driven by a positive double-digit revenue growth of 13.04% and cost-cutting initiatives. 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 11.35%. WOR’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about WOR? Other fundamental factors you should also consider can be found here.
Livehire Limited (ASX:LVH)
LiveHire Limited, a talent technology company, provides business intelligence and data services to c and large enterprises in Australia. Livehire was founded in 2001 and with the market cap of AUD A$180.16M, it falls under the small-cap category.
Driven by exceptional sales, which is expected to more than double over the next few years, LVH is expected to deliver an excellent earnings growth of 56.72%. 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. LVH’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. Thinking of investing in LVH? I recommend researching its fundamentals here.
BrainChip Holdings Limited (ASX:BRN)
BrainChip Holdings Limited provides software and hardware solutions for artificial intelligence and machine learning applications in North America and Europe. Established in 2011, and currently run by Louis DiNardo, the company employs 26 people and with the stock’s market cap sitting at AUD A$130.83M, it comes under the small-cap group.