by David Aurelio.
The StarMine team has selected five North American companies, using Eikon Screener, that we expect to beat 18Q1 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our North American selections for 2017 Q4 positive Predicted Surprises were 80% accurate, which can be seen here. Historically (since 2011 Q4), our positive Predicted Surprise picks have demonstrated an accuracy rate of about 80.8%, giving investors an edge ahead of earnings announcements.
Our North American picks for positive Predicted Surprises in 2018 Q1 are — South Jersey Industries Inc (SJI.N), CME Group Inc (CME.OQ), Caterpillar Inc (CAT.N), Energen Corp (EGN.N), and MSCI Inc (MSCI.N).
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%.
South Jersey Industries Inc (SJI.N)
CME Group Inc (CME.OQ)
Caterpillar Inc (CAT.N)
Energen Corp (EGN.N)
MSCI Inc (MSCI.N)
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