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.

Let's now take a look at one standout stock that could be a perfect fit for 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 158.52% to $198.83.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $7.72. BR boasts an average earnings surprise of 6.5%.

Earnings for Broadridge Financial Solutions are forecasted to see growth of 10.1% for the current fiscal year as well.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like BR offer investors a great opportunity to get 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

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