Virtu
Virtu Monetary (VIRT) seems a pretty choose given a noticeable enchancment within the firm’s earnings outlook. The inventory has been a robust performer recently, and the momentum would possibly proceed with analysts nonetheless elevating their earnings estimates for the corporate.
Analysts’ rising optimism on the earnings prospects of this high-speed buying and selling firm is driving estimates greater, which ought to get mirrored in its inventory worth. In spite of everything, empirical analysis reveals a robust correlation between developments in earnings estimate revisions and near-term inventory worth actions. This perception is on the core of our inventory score software — the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Robust Purchase) to a Zacks Rank #5 (Robust Promote), has a powerful externally-audited track record of outperformance, with Zacks #1 Ranked shares producing a median annual return of +25% since 2008.
For Virtu Monetary, sturdy settlement among the many protecting analysts in revising earnings estimates upward has resulted in significant enchancment in…