Earnings Growth & Price Strength Make ICF International (ICFI) 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.
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 ICF International (ICFI)
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.
ICFI was added to the Zacks Focus List on April 23, 2018 at $66.60 per share. Since then, shares have increased 122.22% to $148.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $6.79. ICFI also boasts an average earnings surprise of 11.6%.
Moreover, analysts are expecting ICF International's earnings to grow 4.5% 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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ICF International, Inc. (ICFI) : Free Stock Analysis Report
