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.
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