StarMine Hits 77% Score In Q3 Earnings Surprise Forecast

At the beginning of the third quarter, the StarMine research team perused corporate earnings forecasts in search of companies most likely to report a significant positive or negative earnings surprise. All the numbers are in and we find that StarMine was right in seven of the nine picks – above its historical average.

Using StarMine SmartEstimate and Predicted Surprise data, we highlighted nine companies that we believed had a high probability of recording an earnings surprise in the third quarter — five likely to beat the analysts’ consensus estimate and another four  likely to fall short.

In the case of these nine selections — each of which was the subject of an article on Lipper Alpha Insight in the weeks leading up to their earnings announcement – seven went in the direction of the prediction and two went in the opposite direction.

Stay tuned for our picks for the fourth quarter.

Positive Surprises

Source: Eikon/ StarMine

Negative Surprises

Source: Eikon/ StarMine