Companies that have significant growth prospects for profitability and returns can add tangible upside to your portfolio. Magnis Resources and Wisetech Global are examples of many potential outperformers that analysts are bullish on. Whether it be a well-known tech stock or a risky small-cap, I believe diversification towards growth can add value to your current holdings. Below I’ve compiled a list of stocks with a bright future ahead.

Magnis Resources Limited (ASX:MNS)

Magnis Resources Limited explores for and develops mineral properties in Australia and East Africa. Magnis Resources was founded in 2005 and with the market cap of AUD A$254.58M, it falls under the small-cap stocks category.

Driven by exceptional sales, which is expected to more than double over the next few years, MNS is expected to deliver an excellent earnings growth of 79.50%. It appears that MNS’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 49.86%. MNS ticks the boxes for high-growth generation on all levels of line items, which makes it an appealing stock to dig into deeper. Considering MNS as a potential investment? Have a browse through its key fundamentals here.

Wisetech Global Limited (ASX:WTC)

WiseTech Global Limited provides cloud-based software solutions to the logistics industry worldwide. Formed in 1994, and now led by CEO Richard White, the company employs 900 people and with the market cap of AUD A$4.11B, it falls under the mid-cap category.

An outstanding 75.61% earnings growth is forecasted for WTC, driven by the underlying 68.54% sales growth over the next few years. It appears that WTC’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 29.34%. WTC’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 WTC to your portfolio? Other fundamental factors you should also consider can be found here.

Redbubble Limited (ASX:RBL)

Redbubble Limited operates as an online marketplace that facilitates the sale and purchase of art and designs on a range of products between independent creatives and consumers in Australia, the United States, the United Kingdom, and internationally. Formed in 2006, and headed by CEO Martin Hosking, the company size now stands at 201 people and with the company’s market cap sitting at AUD A$318.91M, it falls under the small-cap stocks category.

RBL is expected to deliver an extremely high earnings growth over the next couple of years of 98.68%, bolstered by an equally impressive revenue growth of 60.70%. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. We see this bottom-line expansion directly benefiting shareholders, with expected return on equity coming in at a notable 37.53%. RBL’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Want to know more about RBL? Check out its fundamental factors here.

For more financially robust companies with high growth potential to enhance your portfolio, use our free platform to explore our interactive list of these stocks.
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.