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Earnings Growth & Price Strength Make Agilent Technologies (A) a Stock to Watch

Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.

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 Agilent Technologies (A)

Santa Clara, 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.

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Since being added to the Zacks Focus List on July 11, 2017 at $59.86 per share, shares of A have increased 150.18% to $149.76.

For fiscal 2024, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $5.50. A boasts an average earnings surprise of 3.5%.

Earnings for Agilent Technologies are forecasted to see growth of 1.1% for the current fiscal year as well.

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 A, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Agilent Technologies, Inc. (A) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research