February 23, 2021

StarMine Models Pick Latin America Companies for FY 2020 Earnings Beats

by Tajinder Dhillon.

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

Our Latin America picks for positive Predicted Surprises in FY20 are — Odontoprev SA (ODPV3.SA), Telesites SAB de CV (SITESB1.MX), Localiza Rent a Car SA (RENT3.SA), CPFL Energia SA PLC (CPFE3.SA), and Empresas Copec SA (COPEC.SN).

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.

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

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