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.

Exploring Why PDEX Holds Promise for Growth Investors.

• PDEX has a healthy Return on Equity(ROE) of 21.21%. This demonstrates the company's efficient utilization of capital and indicates its commitment to driving profitability.
• PDEX has a strong history of beating EPS estimates 3 times in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• PDEX has demonstrated strong 1-year revenue growth of 26.44%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The quarter-to-quarter (Q2Q) revenue growth of 33.4% of PDEX 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.
• With a favorable trend in its operating margin over the past year, PDEX demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• The free cash flow (FCF) of PDEX 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.
• The earnings per share (EPS) of PDEX have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 336.0% increase. This reflects the company's ability to improve its profitability over time.
• The average next Quarter EPS Estimate for PDEX has experienced a 9.3% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The 1-year EPS growth of PDEX (%EPSYGROWTHTTM%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• PDEX 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 PDEX

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall PDEX gets a fundamental rating of 7 out of 10. We evaluated PDEX against 189 industry peers in the Health Care Equipment & Supplies industry. PDEX gets an excellent profitability rating and is at the same time showing great financial health properties. PDEX is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make PDEX suitable for growth and quality investing!

Our latest full fundamental report of PDEX contains the most current fundamental analsysis.

More growth stocks can be found in our Lois Navellier screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.