by Tajinder Dhillon.
The StarMine team has selected five European companies, using Eikon by Refinitiv, that we expect to miss 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 negative Predicted Surprises in FY21 are — Valeo SE (VLOF.PA), Weir Group PLC (WEIR.L), Fresnillo PLC (FRES.L), Alstom PA (ALSO.PA), and United Utilities Group PLC (UU.L).
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%.
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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