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.
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.
Since being added to the Zacks Focus List on April 23, 2018 at $66.60 per share, shares of ICFI have increased 85.3% to $123.41.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.09 to $7.44. ICFI boasts an average earnings surprise of 13.6%.
Additionally, ICF International's earnings are expected to grow 14.5% 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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