February 3, 2020

StarMine Models Pick European Companies for FY 2019 Earnings Misses

by Tajinder Dhillon.

The StarMine team has selected five European companies, using Eikon by Refinitiv, that we expect to miss 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 negative Predicted Surprises in FY19 are — 1&1 Drillisch AG (DRIG.DE), Antofagasta PLC (ANTO.L), K&S AG (SDFGn.DE), Renault SA (RENA.PA), Eni SpA (ENI.MI).

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

1&1 Drillisch AG (DRIG.DE)

Antofagasta PLC (ANTO.L)

K&S AG (SDFGn.DE)

Renault SA (RENA.PA)

Eni SpA (ENI.MI)

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