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.
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.
BR was added to the Zacks Focus List on August 29, 2017 at $76.91 per share. Since then, shares have increased 210.91% to $239.12.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.01 to $8.53. BR boasts an average earnings surprise of 1.3%.
Additionally, Broadridge Financial Solutions' earnings are expected 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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