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.
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.
Since being added to the Zacks Focus List on August 29, 2017 at $76.91 per share, shares of BR have increased 198.39% to $229.49.
For fiscal 2025, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $8.53. BR boasts an average earnings surprise of 1.3%.
Moreover, analysts are expecting Broadridge Financial Solutions' earnings to grow 10.4% 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 BR, 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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Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
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