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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%.
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?”