The StarMine team has selected five European companies, using Eikon by Refinitiv, that we expect to beat FY21 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our European selections for FY20 were 80% accurate, which can be seen here.
Our European picks for positive Predicted Surprises in FY21 are — TotalEnergies (TTEF.PA), Glencore PLC (GLEN.L), Engie SA (ENGIE.PA), Kuehne und Nagel International AG (KNIN.S), and Pirelli & C SpA (PIRC.MI).
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.
