Why Broadridge Financial Solutions (BR) is a Top Stock for the Long-Term
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 break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
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.
On August 29, 2017, BR was added to the Zacks Focus List at $76.91 per share. Shares have increased 142.75% to $186.70 since then.
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
