Is PRO-DEX INC (NASDAQ:PDEX) suited for growth investing?

In this article we will dive into PRO-DEX INC (NASDAQ:PDEX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed PRO-DEX INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.

What matters for growth investors.

• The Return on Equity (ROE) of PRO-DEX INC stands at 21.21%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• PRO-DEX INC has exceeded EPS estimates 3 times in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• With notable 1-year revenue growth of 26.44%, PRO-DEX INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The quarter-to-quarter (Q2Q) revenue growth of 33.4% of PRO-DEX INC has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and drive revenue growth.
• The operating margin of PRO-DEX INC has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• The free cash flow (FCF) of PRO-DEX INC has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• PRO-DEX INC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 336.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• Over the past 3 months, analysts have adjusted their EPS Estimate for PRO-DEX INC with a 7.5% change. This highlights the evolving outlook on the company's EPS potential.
• In the most recent financial report, PRO-DEX INC reported a 336.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• PRO-DEX INC shows accelerating EPS growth: when comparing the current Q2Q growth of 336.0% to the previous year Q2Q growth of -41.67%, we see the growth rate improving.

Fundamental analysis of NASDAQ:PDEX

As part of its analysis, ChartMill provides a comprehensive Fundamental Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various fundamental indicators and properties.

PDEX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 189 industry peers in the Health Care Equipment & Supplies industry. While PDEX has a great profitability rating, there are some minor concerns on its financial health. An interesting combination arises when we look at growth and value: PDEX is growing strongly while it also seems undervalued. These ratings would make PDEX suitable for value and growth investing!

Check the latest full fundamental report of PDEX for a complete fundamental analysis.

More ideas for growth investing can be found on ChartMill in our Lois Navellier screen.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.