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What Makes L.B. Foster Stock a Solid Choice Right Now

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L.B. Foster Company (NASDAQ: FSTR) registered a 14.3% rise in its stock value in the past three months thanks to robust first-quarter earnings that exceeded expectations.

Presenting an enticing investment opportunity with strong growth prospects, FSTR sports a Zacks Rank #1 (Strong Buy).

Earnings Outperformance

In the first quarter, FSTR outperformed expectations, with adjusted earnings of 8 cents per share, surpassing the Zacks Consensus Estimate of a loss of 16 cents. It pulled off a trailing four-quarter earnings surprise of around 12.6%, on average.

Robust Growth Prospects

The Zacks Consensus Estimate for FSTR’s 2024 earnings is pegged at $1.72, indicating year-over-year growth of a whopping 1,233%. The consensus estimate for the current year experienced an upward revision of 13.5% in the past 60 days, underlining healthy growth potential. Moreover, earnings are expected to register 31.3% growth in second-quarter 2024.

An Outperformer

FSTR’s shares are up 89.3% in a year against the industry’s rise of 5.8% in the same period.

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Full story available on Benzinga.com

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