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%.
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.