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Earnings Growth & Price Strength Make Broadridge Financial Solutions (BR) a Stock to Watch

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Breaking Down the Zacks Focus List

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When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.

Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.

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The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.

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Focus List Spotlight: Broadridge Financial Solutions (BR - Free Report)

Based in Lake Success, NY, Broadridge is a global financial technology company that offers investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers. The company is a leading producer and distributor of a variety of documents, widely used in the financial industry including proxies, annual reports, prospectuses and trade confirmations.

On August 29, 2017, BR was added to the Focus List at $76.91 per share. Shares have increased 110.78% to $162.11 since then, and the company is a #3 (Hold) on the Zacks Rank.

For fiscal 2023, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.05 to $7.07. BR boasts an average earnings surprise of 4.1%.

Moreover, analysts are expecting BR's earnings to grow 9.4% for the current fiscal year.

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