Is NASDAQ:PI suited for growth investing?

Growth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if IMPINJ INC (NASDAQ:PI) is suited for growth investing. Investors should of course do their own research, but we spotted IMPINJ INC showing up in our Louis Navellier growth screen, so it may be worth spending some more time on it.

Why NASDAQ:PI may be interesting for growth investors.

• IMPINJ INC demonstrates a strong Return on Equity(ROE) of 49.8%. This indicates the company's ability to generate favorable returns for shareholders and reflects its efficient utilization of capital. IMPINJ INC shows promising potential for continued success.
• IMPINJ INC has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• With notable 1-year revenue growth of 34.61%, IMPINJ 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 46.45% of IMPINJ 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 IMPINJ 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.
• IMPINJ INC has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• The earnings per share (EPS) of IMPINJ INC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 14.0K% increase. This reflects the company's ability to improve its profitability over time.
• Analysts' average next Quarter EPS Estimate for IMPINJ INC has witnessed a 39.11% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• In the most recent financial report, IMPINJ INC reported a 14.0K% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• accelerating EPS growth for IMPINJ INC: the current Q2Q growth of 14.0K% exceeds the previous year Q2Q growth of -98.82%.

How does the complete fundamental picture look for NASDAQ:PI?

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.

We assign a fundamental rating of 5 out of 10 to PI. PI was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. PI has only an average score on both its financial health and profitability. PI is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!

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

More ideas for growth investing can be found on ChartMill 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.