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October 4, 2020

StarMine Models Pick North American Companies for 20Q3 Earnings Beats

by David Aurelio.

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

Our North American selections for 2020 Q2 positive Predicted Surprises were 100% accurate, which can be viewed here. Historically (since 2011 Q4), our positive Predicted Surprise picks have demonstrated an accuracy rate of about 82.2%, giving investors an edge ahead of earnings announcements.

Our North American picks for positive Predicted Surprises in 2020 Q3 are — Penn National Gaming Inc (PENN.O), Williams-Sonoma Inc (WSM.N), Stanley Black & Decker Inc (SWK.N), Pultegroup Inc (PHM.N), and First Quantum Minerals Ltd (FM.TO).

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

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

Each week the StarMine Earnings Surprise Forecast is published as part of the This Week in Earnings report. The forecast shows the S&P 500 companies with significant positive and negative Predicted Surprises expected to report over the next two weeks. Don’t be surprised when your holdings show up in This Week in Earnings, learn how to use Eikon from Refinitiv’s Screener app to see these companies ahead of publication 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 “Are We Heading into an Earnings Recession?

Refinitiv offers a powerful combination of content, analytics and tools for better investment research, find out more.

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