ICF International (ICFI) Boasts Earnings & Price Momentum: Should You Buy?
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 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.
ICFI was added to the Zacks Focus List on April 23, 2018 at $66.60 per share. Since then, shares have increased 57.85% to $105.13.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.16 to $5.79. ICFI boasts an average earnings surprise of 8.3%.
Earnings for ICF International are forecasted to see growth of 20.1% 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ICF International, Inc. (ICFI) : Free Stock Analysis Report
To read this article on Zacks.com click here.