Broadridge Financial Solutions (BR) Boasts Earnings & Price Momentum: Should You Buy?
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 Broadridge Financial Solutions (BR)
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.
On August 29, 2017, BR was added to the Zacks Focus List at $76.91 per share. Shares have increased 81.17% to $139.34 since then.
For fiscal 2022, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $6.45. BR boasts an average earnings surprise of 4.1%.
Additionally, Broadridge Financial Solutions' earnings are expected to grow 14% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like BR offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
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