Earnings Growth & Price Strength Make Agilent Technologies (A) a Stock to Watch
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When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
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It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: Agilent Technologies (A)
Palo Alto, CA-based Agilent Technologies, Inc. was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets.
Since being added to the Focus List on July 11, 2017 at $59.86 per share, shares of A have increased 155.05% to $152.67. The stock is currently a #2 (Buy) on the Zacks Rank.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $0.04 to $4.13. An also boasts an average earnings surprise of 15.8%.
Moreover, analysts are expecting A's earnings to grow 25.9% for the current fiscal year.
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