Kickstarting your investment journey can be both exciting and scary at the same time, and if you're new to investing, you may not know where to even begin. However, one thing is for certain -- stocks set to beat the market over the next 12 months serve as the perfect foundation for any kind of investor.
Now, let's break down why adding this one exceptional stock, highlighted below, to your portfolio could be a recipe for success.
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.
ICFI was added to the Zacks Focus List on April 23, 2018 at $66.60 per share. Since then, shares have increased 87.64% to $124.97.
For fiscal 2024, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.21 to $7.44. ICFI boasts an average earnings surprise of 13.6%.
Moreover, analysts are expecting ICF International's earnings to grow 14.5% for the current fiscal year.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding a Focus List stock like ICFI, there's a great chance you'll be getting into a company whose future earnings estimates will be raised, which can lead to price momentum.
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ICF International, Inc. (ICFI) : Free Stock Analysis Report
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