February 22, 2021

StarMine Models Pick Asia Companies for FY 2020 Earnings Misses

by Tajinder Dhillon.

The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to miss 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 negative Predicted Surprises in FY20 are — Ennostar Inc (3714.TW), Cathay Pacific Airways Ltd (0293.HK), Meituan (3690.HK), China Overseas Land & Investment Ltd (0688.HK), and Skshu Paint Co Ltd (603737.SS).

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%.

Negative 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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