February 17, 2021

StarMine Models Pick Asia Companies for FY 2020 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to beat FY20 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our Asia selections for FY19 were 80% accurate, which can be seen here.

Our Asia picks for positive Predicted Surprises in FY20 are — Yuhan Corp (000100.KS), Korea Electric Power Corp (015760.KS), Merida Industry Co Ltd (9914.TW), Sinotruk Hong Kong Ltd (3808.HK), and Sumitomo Chemical Co Ltd (4005.T).

StarMine SmartEstimate® aims 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 the SmartEstimate diverges 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.

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

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