New to Investing? This 1 Business Services Stock Could Be the Perfect Starting Point
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 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 27.84% to $46.66.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $0.99. ROL boasts an average earnings surprise of 5.6%.
Moreover, analysts are expecting Rollins' earnings to grow 10% 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
