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.
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