U.S. markets close in 3 hours 35 minutes
  • S&P 500

    3,967.04
    +3.53 (+0.09%)
     
  • Dow 30

    33,759.13
    -22.35 (-0.07%)
     
  • Nasdaq

    11,115.09
    +33.09 (+0.30%)
     
  • Russell 2000

    1,813.37
    -4.92 (-0.27%)
     
  • Crude Oil

    71.70
    +0.24 (+0.34%)
     
  • Gold

    1,815.90
    +14.40 (+0.80%)
     
  • Silver

    23.87
    +0.62 (+2.68%)
     
  • EUR/USD

    1.0540
    -0.0020 (-0.19%)
     
  • 10-Yr Bond

    3.5470
    +0.0560 (+1.60%)
     
  • GBP/USD

    1.2290
    +0.0052 (+0.43%)
     
  • USD/JPY

    136.4320
    -0.1980 (-0.14%)
     
  • BTC-USD

    17,173.54
    +226.54 (+1.34%)
     
  • CMC Crypto 200

    404.57
    -1.68 (-0.41%)
     
  • FTSE 100

    7,476.63
    +4.46 (+0.06%)
     
  • Nikkei 225

    27,901.01
    +326.58 (+1.18%)
     

Why Broadridge Financial Solutions (BR) is a Top Growth Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Broadridge Financial Solutions (BR)

Based in Lake Success, NY, Broadridge is a global financial technology company that offers investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers. The company is a leading producer and distributor of a variety of documents, widely used in the financial industry including proxies, annual reports, prospectuses and trade confirmations.

BR sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of A, and has a VGM Score of B. Earnings and sales are forecasted to increase 9.4% and 7.5% year-over-year, respectively.

Two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $7.07 per share for 2023. BR boasts an average earnings surprise of 4.1%.

Broadridge Financial Solutions is also cash rich. The company has generated cash flow growth of 17%, and is expected to report cash flow expansion of 22.8% in 2023.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, BR should be on investors' short lists.


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
 
Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research