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Ultimate Software Group and Pinnacle Financial Partners 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.
The Ultimate Software Group, Inc. (NASDAQ:ULTI)
The Ultimate Software Group, Inc. provides cloud-based human capital management solutions primarily to enterprise companies in the United States and Canada. Established in 1990, and now led by CEO Scott Scherr, the company now has 4,200 employees and with the company’s market capitalisation at USD $6.64B, we can put it in the mid-cap stocks category.
Extreme optimism for ULTI, as market analysts projected an outstanding earnings growth rate of 51.67% for the stock, supported by a double-digit sales growth of 38.43%. Although reduction in cost is not the most sustainable operational activity, the expanding top-line growth, on the other hand, is encouraging. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 27.70%. ULTI’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. Interested to learn more about ULTI? Have a browse through its key fundamentals here.
Pinnacle Financial Partners, Inc. (NASDAQ:PNFP)
Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. Founded in 2000, and currently headed by CEO Michael Turner, the company now has 2,132 employees and with the stock’s market cap sitting at USD $4.65B, it comes under the mid-cap category.
PNFP’s forecasted bottom line growth is an optimistic 28.39%, driven by the underlying 55.28% sales growth 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 9.42%. PNFP’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Interested to learn more about PNFP? Check out its fundamental factors here.