Starmine Scores 80% Right In Q1 Earnings Surprise Forecast

At the beginning of the first quarter, our StarMine research team perused corporate earnings forecasts in search of companies that it believed would most likely to report a big surprise (either positive or negative) when they announced their results.

All the numbers are in and we find that StarMine was right in 8 out of the 10 picks – just above its historical average.

Using StarMine SmartEstimate and Predicted Surprise data, we highlighted 10 companies that we believed had a high probability of recording an earnings surprise in the first quarter — five likely to beat the analysts’ consensus estimate and another five  likely to fall short.

In the case of these ten selections – eight went in the direction of the prediction and two went in the opposite direction. Stay tuned for our picks for the second quarter of 2016.

Positive Surprises

Negative Surprises