Why This 1 Business Services Stock Could Be a Great Addition to Your Portfolio
Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
Why You Should Pay Attention to Broadridge Financial Solutions (BR)
Based in Lake Success, NY, Broadridge is a global financial technology company that offers investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers. The company is a leading producer and distributor of a variety of documents, widely used in the financial industry including proxies, annual reports, prospectuses and trade confirmations.
On August 29, 2017, BR was added to the Zacks Focus List at $76.91 per share. Shares have increased 75.72% to $135.15 since then.
For fiscal 2022, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $6.45. BR boasts an average earnings surprise of 4.1%.
Earnings for Broadridge Financial Solutions are forecasted to see growth of 14% for the current fiscal year as well.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like BR offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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