Earnings Growth & Price Strength Make Virtu Financial (VIRT) a Stock to Watch
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.
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.
VIRT was added to the Zacks Focus List on July 31, 2023 at $18.9 per share. Since then, shares have increased 135.03% to $44.42.
One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.05 to $4.02. VIRT boasts an average earnings surprise of 20.2%.
Moreover, analysts are expecting Virtu Financial's earnings to grow 13.2% 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 VIRT, 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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Virtu Financial, Inc. (VIRT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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