Operator
Good morning, ladies and gentlemen, and welcome to the CDW First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to hand the conference over to Brittany Smith, Vice President of Investor Relations and Financial Planning and Analysis. Please go ahead.
Brittany Smith
Vice President, Investor Relations
Thank you. Good morning, everyone. Joining me remotely today to review our first quarter results are; Chris Leahy, our President and Chief Executive Officer; and Collin Kebo, our Chief Financial Officer.
Our first quarter earnings release was distributed this morning and is available on our website, investor.cdw.com, along with supplemental slides that you can use to follow along during the call.
Credit Suisse s Americas team just rolled out a string of those ideas, as well as stocks to avoid, by having their analysts identify their highest-conviction names in every major market sector. They then narrowed the search further by applying the firm s HOLT framework to find top-rated stocks facing the least demanding market expectations.
Credit Suisse evaluated those market expectations by looking at the difference between the cash flow return on investment, or CFROI, the market currently expects and both the 12-month forecast for CFROI and the companies historic five-year CFROI.
The firm s process also included comparing the analysts earnings forecasts and target price estimates to the analyst consensus, and measured a level of consensus bullishness based on buy, sell, and hold ratings.