CMPR: 3 "Surprising" Growth Stocks for 2020

Earlier this month we released our highly anticipated special report: 9 “Must Own” Growth Stocks for 2020.

But what makes the 3 stocks featured today (CMPR, ELY & ITRI), so surprising?

Really it’s 2 things. First, is that they had some of the biggest earnings surprises this past earnings season ranging from 48% to 137%. That is truly off the charts growth that deserves to be recognized.

Second, is that they all hail from industries where you don’t expect that much growth; Commercial printing, golf equipment and a supplier to the utilities industry.

None of those jump off the screen as being growth hot beds. And yet, that is what makes these companies the most impressive. Meaning that they are achieving phenomenal growth without the benefit of being in a surging industry.

Below you will find these 3 surprising growth stocks along with insights on their exceptional upside potential.

Cimpress (CMPR)

On the surface most of you will say that commercial printing and customization services are boring businesses. And that there is no way this company, best known for Vistaprint, can be on this list of the top growth stocks.

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Now for the facts!

Cimpress is absolutely crushing it when it comes to earnings. In Q2 of 2019 they were expected to earn 51 cents per share and came in at $1.09. Anyone wondering if it was a fluke got the answer in Q3 when they came in at 66 cents in earnings versus the expectations only on 10%.

Looking ahead analyst see them printing 21% earnings growth in the years ahead. However, when you see the history of beat and raise quarters you know why shares are outperforming by a wide margin in 2019 and likely to continue that excellence coming into 2020.

Callaway Golf (ELY)

The consumer is the strength of the economy given the lowest unemployment rate in 50 years + 2018 tax cuts + low energy prices + low inflation. Add it altogether and it’s important that we have ample representation of consumer focused stocks on this growth stock list. And that swings into action now with Callaway Golf.

Most of you know this brand. And quite likely own…or want to own some of their clubs. That brand strength is the key driver behind having only 1 earnings miss in the past 20 quarters. In fact, the last 4 quarters has seen those beats come in at an average +48%.

Analysts are pounding the table on the attractiveness of this stock. Not only on their impressive 25% expected growth into the future, but also the upside potential of shares. The average target now stands at $26, but other leading analysts see $28 to $30 as the more likely destination in 2020.

The combination of growth and value led me to add shares of ELY to the Reitmeister Total Return portfolio on Halloween day 2019. Gladly it has been much more treat than trick so far. (Learn more about the Reitmeister Total Return portfolio at https://members.stocknews.com/rtr)

Itron (ITRI)

Let’s say I told you that Itron makes meters for the utility industry. No doubt you would skip over this stock and go to the next one. So let me try that again.

Itron is a leader in the Internet of Things movement making smart meters and networked solutions for the worlds supply of water, electricity and energy.

I bet you are now a bit more interested. Even more so when I tell you that the company is blowing away earnings with average beats of 81% this past year allowing shares to rise 3X more than the average stock.

But that is the past. This special report is about finding growth stocks that are attractive for the future. And in ITRI’s case we are talking about 25% per year earnings growth potential for the next several years. Plus the comfort of having many long term contracts already in hand that increases the odds that the exciting growth potential is more likely to become reality.

What’s Next?

Again, these were just 3 of the 9 “must own” growth stocks featured in our recently released special report. Get your free copy here.

POWR Trends

If you are serious about finding the next superstar growth stocks that provide extraordinary profits, then you will want to learn more about the POWR Trends service here:

https://report.stocknews.com/powr-trends/

CMPR shares closed at $126.38 on Friday, up $0.67 (+0.53%). Year-to-date, CMPR has gained 22.20%, versus a 31.63% rise in the benchmark S&P 500 index during the same period.

About the Author: Steve Reitmeister

Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...