Why ICF International (ICFI) 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 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 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.
On April 23, 2018, ICFI was added to the Zacks Focus List at $66.60 per share. Shares have increased 110.14% to $139.95 since then.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.14 to $6.45. ICFI also boasts an average earnings surprise of 6.6%.
Moreover, analysts are expecting ICF International's earnings to grow 11.8% 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 ICFI, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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ICF International, Inc. (ICFI) : Free Stock Analysis Report
