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.
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 90.85% to $36.07.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.07 to $3.15. VIRT boasts an average earnings surprise of 8%.
Moreover, analysts are expecting Virtu Financial's earnings to grow 71.2% 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.
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Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
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