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.

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 Virtu Financial (VIRT)

Headquartered in New York, NY, Virtu Financial is a market-leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. It provides a wide array of offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. The company was founded in 2008.

Since being added to the Zacks Focus List on July 31, 2023 at $18.90 per share, shares of VIRT have increased 87.41% to $35.42.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.10 to $3.24. VIRT boasts an average earnings surprise of 8%.

Moreover, analysts are expecting Virtu Financial's earnings to grow 76.1% for the current fiscal year.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like VIRT, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research