Many investors like to take a long hard look at their share portfolios before the critical August profit reporting season that can make or break a calendar year's investment returns.
If the analysts at Goldman Sachs are on the money it could be a good idea to stuff a few JB Hi-Fi Limited (ASX: JBH) shares into your investment portfolio. According to a July 28 research note out of 'Goldies' the analyst community may be underestimating JB Hi Fi's earnings potential in FY 2020 and FY 2021.
This is important as existing valuations for stocks like JB Hi-Fi are partly based on analysts' expectations, but the kicker is Goldman's expects JB Hi-Fi to beat these expectation and provide a stronger-than-expected update as to trade over the 2019 winter months.
Goldman's is tipping JB Hi-Fi shares could hit $30 within 12 months, and other stocks it expects to beat consensus forecasts this earnings seasons include Hub24 Ltd (ASX: HUB), News Corp (ASX: NWS) and Qantas Airways Limited (ASX: QAN).
