Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Chicago, IL-based GE HealthCare Technologies Inc. or GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with focus on precision care. The company was formed on Jan 3, 2023, following a spin-off by its parent company — the General Electric Company.
Since being added to the Zacks Focus List on January 4, 2023 at $60.49 per share, shares of GEHC have increased 35.1% to $81.72.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $4.30. GEHC boasts an average earnings surprise of 5%.
Additionally, GE HealthCare Technologies' earnings are expected to grow 9.4% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like GEHC, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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GE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis Report
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