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.
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.
VIRT was added to the Zacks Focus List on July 31, 2023 at $18.90 per share. Since then, shares have increased 109.1% to $39.52.
For fiscal 2024, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $3.26. VIRT boasts an average earnings surprise of 8%.
Additionally, Virtu Financial's earnings are expected to grow 77.2% 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 VIRT, 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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Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
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