Why Broadridge Financial Solutions (BR) is a Top Stock for the Long-Term
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 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 was added to the Zacks Focus List on August 29, 2017 at $76.91 per share. Since then, shares have increased 151.77% to $193.64.
For fiscal 2024, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.09 to $7.72. BR boasts an average earnings surprise of 5.4%.
Moreover, analysts are expecting Broadridge Financial Solutions' earnings to grow 10.1% 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 BR, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Broadridge Financial Solutions, Inc. (BR) : Free Stock Analysis Report
