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.
Now, let’s take a deep dive into a great stock that could be just the right addition to your portfolio.
Chicago, IL-based GE HealthCare Technologies Inc. or GE HealthCare is one of the leading providers of medical technology, pharmaceutical diagnostics, and digital solutions with focus on precision care. The company was formed on Jan 3, 2023, following a spin-off by its parent company — the General Electric Company.
Since being added to the Zacks Focus List on January 4, 2023 at $60.49 per share, shares of GEHC have increased 40.09% to $84.74.
One analyst revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.01 to $4.30. GEHC also boasts an average earnings surprise of 5%.
Moreover, analysts are expecting GE HealthCare Technologies’ earnings to grow 9.4% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like GEHC 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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GE HealthCare Technologies Inc. (GEHC) : Free Stock Analysis Report
