Here is Why Growth Investors Should Buy Exelixis (EXEL) Now

05.11.24 18:45 Uhr

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Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.Exelixis (EXEL) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.Here are three of the most important factors that make the stock of this drug developer a great growth pick right now.Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.While the historical EPS growth rate for Exelixis is 6.5%, investors should actually focus on the projected growth. The company's EPS is expected to grow 113.1% this year, crushing the industry average, which calls for EPS growth of 21.2%.Impressive Asset Utilization RatioAsset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.Right now, Exelixis has an S/TA ratio of 0.73, which means that the company gets $0.73 in sales for each dollar in assets. Comparing this to the industry average of 0.23, it can be said that the company is more efficient.While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Exelixis is well positioned from a sales growth perspective too. The company's sales are expected to grow 16.7% this year versus the industry average of 0%.Promising Earnings Estimate RevisionsBeyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.There have been upward revisions in current-year earnings estimates for Exelixis. The Zacks Consensus Estimate for the current year has surged 5.7% over the past month.Bottom LineExelixis has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.This combination indicates that Exelixis is a potential outperformer and a solid choice for growth investors.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelixis, Inc. (EXEL): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Exelixis Inc.

Analysen zu Exelixis Inc.

DatumRatingAnalyst
22.02.2019Exelixis Market PerformBMO Capital Markets
11.05.2018Exelixis BuyNeedham & Company, LLC
17.10.2017Exelixis BuyNeedham & Company, LLC
17.10.2017Exelixis OutperformRBC Capital Markets
15.09.2017Exelixis OutperformRBC Capital Markets
DatumRatingAnalyst
22.02.2019Exelixis Market PerformBMO Capital Markets
11.05.2018Exelixis BuyNeedham & Company, LLC
17.10.2017Exelixis BuyNeedham & Company, LLC
17.10.2017Exelixis OutperformRBC Capital Markets
15.09.2017Exelixis OutperformRBC Capital Markets
DatumRatingAnalyst
17.08.2011Exelixis holdStifel, Nicolaus & Co., Inc.
18.11.2009Exelixis neutralMerriman Curhan Ford & Co
14.08.2008Exelixis ErsteinschätzungBanc of America Securities LLC
04.09.2007Exelixis DowngradeWachovia Sec
10.05.2005Update Exelixis Inc.: Market PerformJMP Securities
DatumRatingAnalyst

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