Earnings Growth & Price Strength Make ICF International (ICFI) 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 take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to ICF International (ICFI)
Headquartered in Fairfax, VA, ICF International, Inc. is a provider of professional services and technology-based solutions to government and commercial clients. The company’s primary services include advisory, analytics, digital, engagement and program implementation services. These services are offered in four markets namely, energy, environment and infrastructure; health, education, and social programs; safety and security, and consumer and financial.
On April 23, 2018, ICFI was added to the Zacks Focus List at $66.60 per share. Shares have increased 93.24% to $128.70 since then.
For fiscal 2023, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $6.31. ICFI boasts an average earnings surprise of 7%.
Earnings for ICF International are forecasted to see growth of 9.4% for the current fiscal year as well.
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 ICFI, 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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ICF International, Inc. (ICFI) : Free Stock Analysis Report
