Broadridge Financial Solutions (BR - Free Report) is a Zacks Rank #1 (Strong Buy) and has a Growth Style Score of "A" which get's this stock on my radar screen. Let's take a look at why this stock has the best Zacks Rank possible in this Bull of The Day article.
Broadridge Financial Solutions provides investor communications and technology-driven solutions for the financial services industry worldwide. The company provides cloud-based marketing and customer communication tools, as well as customer and account data aggregation and reporting services. The company was founded in 1962 and is headquartered in Lake Success, New York.
On February 8, the company posted earnings of $0.79 per share and that was $0.24 better than the consensus estimate at the time. Revenues rose 13.4% year over year to $1.01 bln vs the $0.95 bln consensus.
BR raised guidance for FY18, seeing EPS of +27-31% from +15-19% to ~$3.97-4.10 vs. $3.82 Wall Street consensus estimate.
Estimates Moving Higher
Over the last 60 and 90 days, there have been 3 positive revisions to the current quarter, next quarter; this year and next year estimates. That is a lot of movement in the right direction!
The 2018 number has moved from $3.72 to $4.04 and the 2019 number moved from $4.04 to $4.41.
Those big moves are what really pushed the Zacks Rank to the highest level.
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