by Tajinder Dhillon.
The StarMine team has selected five European companies, using Eikon by Refinitiv, that we expect to beat FY19 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our European selections for FY18 were 80% accurate, which can be seen here.
Our European picks for positive Predicted Surprises in FY19 are — Boohoo Group PLC (BOOH.L), William Hill PLC (WMH.L), Amadeus IT Group SA (AMA.MC), Hapag Lloyd AG (HLAG.DE), and Laboratorios Farmaceuticos ROVI SA (ROVI.MC).
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%.
Boohoo Group PLC
William Hill PLC
Amadeus IT Group SA
Hapag Lloyd AG
Laboratorios Farmaceuticos ROVI SA