Earnings revisions can have a major impact on stock prices, a relevant subject as first-quarter-earnings season heats up.
Evercore has put together a list of underrated stocks with higher revisions of earnings estimates and a list of overrated stocks with lower earnings estimate revisions.
The first list includes stocks in the Russell 1000 that have market capitalizations of at least $10 billion.
The stocks are in the bottom 25% of index performers year to date, despite being in the top 25% for 2022 earnings-per-share revisions. The stocks stand to outperform, Evercore says.