April 17, 2019

StarMine Models Pick Japan Companies for FY 2019 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five Japanese companies, using Eikon Screener by Refinitiv, that we expect to beat FY19 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our Japan picks for positive Predicted Surprises in FY19 are — Fuji Media Holdings (4676.T), SoftBank Group Corp (9984.T), Mitsubishi Corp (8058.T), Mitsubishi Heavy Industries Ltd (7011.T), and Anritsu Corp (6754.T).

SmartEstimates® aim to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on the recent forecasts of top-rated analysts. When SmartEstimates® diverge significantly from Consensus, you can anticipate the occurrence of earnings surprises with an accuracy rate of 70%. Revenue SmartEstimates® are even more predictive of surprises, with a historical accuracy rate of 78%.

Positive surprise predictions

Fuji Media Holdings (4676.T)

SoftBank Group Corp (9984.T)

Mitsubishi Corp (8058.T)

Mitsubishi Heavy Industries Ltd (7011.T)

Anritsu Corp (6754.T)

Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.

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