Earnings Growth & Price Strength Make Agilent Technologies (A) a Stock to Watch
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.
Why You Should Pay Attention to Agilent Technologies (A)
Santa Clara, CA-based Agilent Technologies, Inc. was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets.
A was added to the Zacks Focus List on July 11, 2017 at $59.86 per share. Since then, shares have increased 143.08% to $145.51.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.03 to $5.51. An also boasts an average earnings surprise of 3.5%.
Moreover, analysts are expecting Agilent Technologies' earnings to grow 1.3% 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 A, 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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Agilent Technologies, Inc. (A) : Free Stock Analysis Report
