July 18, 2019

StarMine FY19 Japan Earnings Surprise Results

by Tajinder Dhillon.

In April 2019, we published our top ten Japan fiscal year 2019 earnings surprise candidates based on StarMine predictive analytics models. Of these FY19 Japan earnings surprise candidates picks, 90% were correct.

The StarMine SmartEstimate®  is a weighted average of analyst estimates, with more weight given to more recent estimates and more accurate analysts. Our studies have shown that when the SmartEstimate® differs significantly from the consensus (I/B/E/S Mean), the Predicted Surprise accurately predicts the direction of earnings surprises or further revisions 70% of the time. When significant Predicted Surprise for revenue is also present for the period, the accuracy improves to 78%.

Using SmartEstimate® and Predicted Surprise data, we highlighted 10 companies with a high probability of reporting Full-Year earnings surprises in the direction we called — five likely to beat the analysts’ consensus estimate and another five  likely to fall short.

StarMine FY19 Japan Positive Earnings Surprise Candidates:

Four of StarMine’s five FY19 Japan positive earnings surprise candidates reported earnings above the mean at the time of the Apr. 17, 2019 report, which can be viewed here

StarMine FY19 Japan Negative Earnings Surprise Candidates:

All of StarMine’s five FY19 Japan negative earnings surprise candidates reported earnings below the mean at the time of the Apr. 18, 2019 report, which can be viewed here

Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise® to avoid earnings misses and find earnings beats? Learn more here.

Republication or redistribution of Reuters content, including by framing or similar means, is prohibited without the prior written consent of Reuters. Reuters and the Reuters logo are registered trademarks, and trademarks of the Thomson Reuters group of companies. For additional information on Reuters photographic services, please visit the web site at http://pictures.reuters.com

Get In Touch


We have updated our Privacy Statement. Before you continue, please read our new Privacy Statement and familiarize yourself with the terms.×