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Here's Why Broadridge Financial Solutions (BR) is a Strong Growth Stock
BroadridgeBroadridge(US:BR) ZACKSยท2024-10-17 14:45

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe [2] Zacks Style Scores Overview - The Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [2] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score evaluates stocks based on projected earnings and sales growth [3] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [3] - VGM Score combines all three Style Scores to highlight stocks with the best overall potential [4] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [5] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [6] Company Spotlight: Broadridge Financial Solutions - Broadridge Financial Solutions is a global financial technology company providing investor communications and technology solutions [7] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of A, indicating strong growth potential [7] - Broadridge is projected to achieve year-over-year earnings growth of 10.1% for the current fiscal year, with an upward revision in earnings estimates [7] - The Zacks Consensus Estimate for Broadridge's earnings has increased by $0.08 to $8.51 per share, with an average earnings surprise of 5.3% [7][8]