$Aramark(ARMK-W)$ (ARMK) is expected to report another "clean" quarter in early May, driven by solid performance across business and industry, or B&I, education, and healthcare, Oppenheimer said in a note Wednesday.

Fiscal Q2 revenue is projected to grow about 10% year over year to $4.7 billion, due to double-digit percentage growth in B&I and education, the analysts said, adding that Aramark has little fuel exposure and is managing labor and food costs well. Adjusted operating income for the quarter is estimated at $250 million.

The analysts said that data centers present a "meaningful growth opportunity" for Aramark, given its expertise. Data centers are expected to expand significantly, with around 6,000 globally by 2030, many in remote areas that need worker support. The analysts added they expect the earnings call to provide more detail on this opportunity, which could add more than 100 basis points to revenue growth over time.

Aramark "has the scale, resources and expertise in remote locations, to win a meaningful portion of the market opportunity," the analysts said. The company has restored growth, expanded through two key acquisitions, and still has room to improve margins by better managing food and labor costs, they added.

Oppenheimer adjusted its price target on Aramark to $50 from $43 while maintaining its outperform rating.

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