April 18, 2019

StarMine Models Pick Japan Companies for FY 2019 Earnings Misses

by Tajinder Dhillon.

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

Our Japan picks for negative Predicted Surprises in FY19 are — Ajinomoto Co Inc (2802.T), Screen Holdings Co Ltd (7735.T), Minebea Mitsumi Inc (6479.T), ZOZO Inc (3092.T), and Nissan Motor Co Ltd (7201.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%.

Negative surprise predictions

Ajinomoto Co Inc (2802.T)

Screen Holdings Co Ltd (7735.T)

Minebea Mitsumi Inc (6479.T)

ZOZO Inc (3092.T)

Nissan Motor Co Ltd (7201.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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