Earnings Growth & Price Strength Make Rollins (ROL) a Stock to Watch
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
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 Rollins (ROL)
Headquartered in Atlanta, GA, Rollins provides pest and termite control services to residential and commercial customers. The company offers protection against termite damage, insects and rodents to homes and businesses, including food manufacturers, food service establishments, hotels, transportation companies and retailers.
ROL was added to the Zacks Focus List on January 7, 2019 at $36.50 per share. Since then, shares have increased 13.32% to $41.36.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $0.89. ROL boasts an average earnings surprise of 7.2%.
Moreover, analysts are expecting Rollins' earnings to grow 18.7% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like ROL, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Rollins, Inc. (ROL) : Free Stock Analysis Report
