European Beat Factor: Out-of-consensus stocks under BofA Global Research coverage

研报英文原文证据摘录

European Beat Factor: Out-of-consensus stocks under BofA Global Research coverage

tock with the lowest Top 10 Beat Factor stocks

Beat Factor score, with our analyst’s 2026 and 2027 EPS estimates 6% and 9% below

consensus, respectively. Kerry Group is rated Underperform by our analysts, while 57% Beat

Beat Factor Top 10 Factorof consensus rates the stock a Buy. (100=Most

BBG Code Name

Upbeat)

BofA analysts are most positive on tech and industrials STMPA FP STMicroelectronics 100

BofA sector analysts’ bottom-up projections imply 18% upside potential in aggregate for DBK GY Deutsche Bank 99

the European stocks under BofA Global Research coverage over the coming twelve ANTO LN Antofagasta 98

MT NA ArcelorMittal 97months, versus 14% upside potential implied by bottom-up consensus estimates. Over

NHY NO Norsk Hydro 97

the coming year, our analysts see the most upside potential relative to consensus for VACN SW VAT 95

tech (28% versus 4%) and industrials (23% versus 15%). BofA analysts expect 19% EPS SHL GY Siemens Healthineers 94

growth for European companies under coverage in 2026, versus consensus expectations KSP ID Kingspan Group 93

of 16%, with energy and consumer discretionary accounting for most of the difference. ASML NA ASML 92

BESI NA Besi 91

Top 10 has outperformed Bottom 10 by 8% in last six months Source: BofA European Equity Quant Strategy,

iQdatabase, BBG, IBES, LSEG Data & Analytics (as of June

The Beat Factor Top 10 stock screen performed in line with the Bottom 10 stocks over 10, 2026). The Stock Beat screens are not a

the past month, leaving the outperformance over the past six months at 8%. The Top 10 recommended list, either individually or as a group of

is up 89% relative to the Bottom 10 since inception in October 2015. stocks.