February 1, 2018

StarMine Scores 90% on FY2016 European Earnings Surprise Forecast

by Tajinder Dhillon.

On Jan. 31, 2017 we published our top ten European fiscal year 2016 earnings surprise candidates based on StarMine predictive analytics models.

Using StarMine SmartEstimate® and Predicted Surprise data, we highlighted 10 European companies with a high probability of reporting FY2016 earnings surprises in the direction we called — five likely to beat the analysts’ consensus estimate and another five likely to fall short.

Exhibit 1. Positive Surprises

Source: Thomson Reuters Eikon, http://tmsnrt.rs/2GEsYzQ

Exhibit 2. Negative Surprises

Sources: Thomson Reuters Eikon, http://tmsnrt.rs/2DU93eR

In the case of these ten selections – nine went in the direction of the prediction and one went in the opposite direction.

Thomson Reuters Eikon is a complete solution for research and analytics. It places the most comprehensive market information, news, analytics and trading tools available into a desktop as simple to use as the Internet. Thomson Reuters Eikon clients can run fundamental and technical screens against a global dataset representing more than 100 countries and over 200,000 securities.

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