First-quarter reporting season is kicking off later this week, and investors should also be attuned to companies boosting their forecasts as they report, Jefferies found.
"As a result, we believe there could be outsized opportunity with respect to stocks poised for shifts to full-year outlooks and subsequent estimate upgrades & downgrades."
Jefferies shared 23 companies that have a history of larger-than-typical bumps or higher-than-normal conviction that should see upward estimate revisions once they report their results.
Jefferies also listed GE Aerospace as a company with upward revision potential.
"High incremental margins from a largely fixed cost base should result in even more impressive long-term EBITDA upside."
Persons:
Jefferies, bode, CYBR, Joseph Gallo, Sheila Kahyaoglu, John Colantuoni
Organizations:
GE Aerospace, GE, YTD GE, CFM
Locations:
Zillow