September 8, 2020

StarMine Models Pick European Companies for 20Q3 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five European companies, using Refinitiv Eikon, that we expect to beat 20Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

In July 2020, we posted our FY 2019 European results, which was 100% accurate. To read more click here.

Our European picks for positive Predicted Surprises in 20Q3 are — Dialog Semiconductor PLC (DLGS.DE), Electrolux AB (ELUXb.ST), GN Store Nord A/S (GN.CO), Orkla ASA (ORK.OL), and Valmet Oyj (VALMT.HE).

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%.

Positive surprise predictions

Dialog Semiconductor PLC

Electrolux AB

GN Store Nord A/S

Orkla ASA

Valmet Oyj

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

Interested in learning how you can use the StarMine SmartEstimate® and Predicted Surprise along with the Earnings Season Report App within Eikon from Refinitiv to follow earnings season? Find out more in this article “STOXX 600 Q2 Earnings: Are Companies Beating Consensus Expectations?

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