March Growth Stock Picks

In This Article:

Aristocrat Leisure and Class 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. Analysing the most recent financial data, I’ve created a list of companies that compare favourably in all criteria, making them potentially good additions to your portfolio.

Aristocrat Leisure Limited (ASX:ALL)

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of gaming machines and systems in the Americas, Australia, New Zealand, and internationally. Established in 1984, and headed by CEO Trevor Croker, the company currently employs 3,640 people and with the stock’s market cap sitting at AUD A$16.03B, it comes under the large-cap stocks category.

ALL’s projected future profit growth is a robust 17.27%, with an underlying 61.57% growth from its revenues expected over the upcoming years. It appears that ALL’s profitability may be sustainable as the fundamental push is top-line expansion rather than unmaintainable cost-cutting activities. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 37.99%. ALL’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 ALL as a potential investment? I recommend researching its fundamentals here.

ASX:ALL Future Profit Mar 18th 18
ASX:ALL Future Profit Mar 18th 18

Class Limited (ASX:CL1)

Class Limited develops and distributes cloud-based accounting, investment reporting, and administration software for accountants, administrators, and advisers in Australia. Founded in 2005, and headed by CEO Kevin Bungard, the company now has 55 employees and with the market cap of AUD A$297.69M, it falls under the small-cap category.

CL1’s projected future profit growth is a robust 21.60%, with an underlying 38.78% growth from its revenues expected over the upcoming 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 return on equity coming in at a notable 42.60%. CL1’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. Should you add CL1 to your portfolio? Have a browse through its key fundamentals here.