Earnings Growth & Price Strength Make Rollins (ROL) a Stock to Watch
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 take a deep dive into a great stock that could be just the right addition to your portfolio.
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.
On January 7, 2019, ROL was added to the Zacks Focus List at $36.50 per share. Shares have increased 19.64% to $43.67 since then.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.01 to $0.89. ROL also 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
