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October 6, 2022

StarMine Models Pick Russell 1000 Companies for 22Q3 Earnings Misses

by Tajinder Dhillon.

The StarMine team has selected five Russell 1000 companies, using Refinitiv Workspace, that we expect to miss 22Q3 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our Russell 1000 selections for 2022 Q2 negative Predicted Surprises were 80% accurate, which can be viewed here.

Our Russell 1000 picks for negative Predicted Surprises in 22Q3 are Freeport-McMoRan Inc (FCX.N), Cleveland-Cliffs Inc (CLF.N), Norfolk Southern Corp (NSC.N), LyondellBasell Industries NV (LYB.N), and Ball Corp (BALL.N).

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%.

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

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