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.
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 Virtu Financial (VIRT)
Headquartered in New York, NY, Virtu Financial is a market-leading financial services firm that leverages cutting-edge technology to provide execution services and data, analytics and connectivity products to its clients and deliver liquidity to the global markets. It provides a wide array of offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. The company was founded in 2008.
On July 31, 2023, VIRT was added to the Zacks Focus List at $18.90 per share. Shares have increased 67.41% to $31.64 since then.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.17 to $2.96. VIRT also boasts an average earnings surprise of 9.9%.
Moreover, analysts are expecting Virtu Financial’s earnings to grow 60.9% 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 VIRT, then, you’re likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
